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DoubleLine CEO Jeffrey Gundlach speaking at the 2015 Delivering Alpha event.
DoubleLine CEO Jeffrey Gundlach speaking at the 2015 Delivering Alpha event on July 15, 2015.

David A. Grogan/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images

  • DoubleLine CEO Jeffrey Gundlach said Fed Chair Jerome Powell didn't fight back against the stock market in his Wednesday speech. 
  • Powell radiated an air of confidence with his encouraging comments about inflation – and it resonated with investors. 
  • The US central bank hiked interest rates by 25 basis points on Wednesday as it pushes ahead with its fight against inflation. 

Fed Chairman Jerome Powell didn't fight back against the stock market pricing in the prospect of the US central bank softening its interest-rate policy later this year, according to Jeffrey Gundlach. 

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Markets, MI Exclusive, Jeff Gundlach, Stock Market, US stocks, Inflation, Interest Rates, Bond King, inflation powell, Jerome Powell, Rate Hikes, Federal Reserve, Fed policy, Fed monetary policy, Fed monetary policy decision, Stock Market Outlook
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Fed's Jerome Powell 'didn't fight back' against the stock market with his confi…