$BTC A coming economic crisis will force the Federal Reserve to cut interest rates.

The billionaire known as the "Bond King," Jeffrey Gundlach, stated that the United States is likely to experience a crisis this year that will compel the Federal Reserve (the U.S. Fed) to resume its cycle of interest rate cuts.

In a new interview with CNBC, Gundlach, founder and CEO of investment firm DoubleLine Capital, indicated that he expects the Fed to cut interest rates this year, but not for reasons related to the Fed's dual mandate, which is to achieve maximum employment and maintain an average annual inflation rate of 2%.

Interest rate cuts are anticipated... but not due to inflation or unemployment

Gundlach said: "I believe they will cut interest rates, but I don't think that will be due to a significant improvement in inflation data, because I don't believe inflation will improve much. I also doubt that the unemployment rate will face shocks in the near future, in the coming few months for example.

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