Thornburg Investment Management Co-Head of Investments Jeff Klingelhofer on Yahoo Finance

“I do think [the Fed is] worried about asset bubbles, I do think they’re worried about the frothiness, and I think it’s the right question to be asking: Should they be pulling back?” Thornburg’s Jeff Klingelhofer says. “And at this point, I think they need to be.”

Watch the clip here.