["'New Bond King' Gundlach: Fed Rate Cuts Are Simply Impossible"] Jin10 News, May 18 – DoubleLine Capital CEO Jeffrey Gundlach stated that investors should not expect a rate cut at the next Federal Reserve policy meeting. "Previously, people anticipated two rate cuts this year, but the inflation market is simply not cooperating," Gundlach said. "In my view, when the 2-year U.S. Treasury yield is nearly 50 basis points higher than the federal funds rate, a rate cut is simply impossible." Gundlach noted that Kevin Warsh, who was just confirmed as the Federal Reserve Chair, is taking office during a "challenging period." Gundlach added, "DoubleLine's model indicates that the leading digit of the next CPI index will be a '4'."