$BTC Warning from the Bond King: An economic crisis is coming that will force the Fed 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, expressed his expectation that the Fed will cut interest rates this year, but not for reasons related to the Fed's dual mandate, which involves achieving maximum employment and maintaining an annual inflation average of 2%.

Interest rate cuts expected... but not due to inflation or unemployment

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

Buy and trade currencies here