NEW YORK, March 7 Jeffrey Gundlach, chief
executive officer at DoubleLine Capital, said on Tuesday that he
expects the Federal Reserve to undertake "old school" sequential
rate hikes until "something breaks."
Gundlach, who oversees more than $101 billion at Los
Angeles-based DoubleLine, said U.S. economic data support an
interest-rate increase as soon as the next Fed policy meeting on
March 14-15, and further rises later this year, after a series
of false starts in 2015 and 2016.
(Reporting by Jennifer Ablan; Editing by Chris Reese)