New Debt King: The United States may enter negative interest rates in reality.

"New bond king" Gundlach believes that the Federal Reserve's 25 basis point rate cut is the right move, but warned that any aggressive easing policy could potentially spur inflation. Gundlach told CNBC in an interview that recent job growth data has been revised down and the labor market has shown signs of confusion; also noting the risk of excessive accommodation. He expects the Federal Reserve to cut rates again at the October meeting, and the United States may enter an environment of negative real interest rates.