Jeffrey Gundlach says inflation could hit 10% this year, calls Fed's target 'laughable'

Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019.
Adam Jeffery | CNBC

DoubleLine Capital CEO Jeffrey Gundlach said inflation, already at a 40-year high, could surge to 10% this year, pushing the Federal Reserve to tighten monetary policy aggressively.

The so-called bond king also made a slew of calls on Treasurys, gold and commodities during an investor webcast Tuesday.