Fed Can't Lose Credibility, Says Doubleline's Campbell

Bill Campbell said the war with Iran is affecting markets, with concerns centered on a lasting inflation shock and whether investors retain confidence in the Federal Reserve. The comments point to a cautious risk-off backdrop for rates and broader markets, even though no specific price or policy move was disclosed.

Analysis

Bill Campbell said the war with Iran is affecting markets, with concerns centered on a lasting inflation shock and whether investors retain confidence in the Federal Reserve. The comments point to a cautious risk-off backdrop for rates and broader markets, even though no specific price or policy move was disclosed.