![\"Center](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/01\/108258575-17696319581769631954-43733600347-1080pnbcnews.jpg\")
<\/p>\n<\/p>\n
DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects the Federal Reserve<\/a> to stay on hold for the remainder of Jerome Powell<\/a>‘s term as chair with a more balanced outlook for the economy.<\/p>\n “I think I would bet pretty heavily that there’s not another rate cut under Jay Powell,” Gundlach said on CNBC’s “Closing Bell<\/a>.” “I think he’s going out of his way to emphasize that inflation is a little elevated, but not as bad as maybe it was feared a few months ago, that the unemployment rate is no longer separately rising in any kind of meaningful way.”<\/p>\n Powell has just two policy meetings left as chair \u2014 in March and April \u2014 before his term expires. A new chair would take the helm for the June meeting, assuming Senate confirmation.<\/p>\n On Wednesday, the central bank\u00a0kept its overnight lending rate steady<\/a> at a range of 3.5% to 3.75%. The post-meeting statement<\/a> suggested that economic activity has been “expanding at a solid pace,” while policymakers also noted that the unemployment rate has shown some signs of stabilization. <\/p>\n “I think, and many of my colleagues think, it’s hard to look at the incoming data and say the policy is significantly restrictive at this time,” said Powell during his press conference<\/a>.<\/p>\n