Bond fund manager predicts no Fed taper until 2014

09/30/2013 | InvestmentNews (free registration)

Bond fund manager Jeffrey Gundlach of the DoubleLine Total Return Bond Fund thinks the Federal Reserve won't cut its bond purchases until a new chairman takes over in January. He told investors in a conference call that he doesn't think there will be sufficient economic improvement for the Fed to start weaning the economy off the program.

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