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Dalio: The U.S. economy has entered stagflation; cutting interest rates would be a policy mistake
Mars Finance News reports that, according to Jintiao, Bridgewater Associates founder Ray Dalio said on April 27 local time that inflationary pressures continue to compound alongside a slowdown in economic growth, and policymakers must remain cautious. He pointed out that the U.S. economy is undoubtedly in a stagflationary period, and warned that if Kevin Wush—who is set to take over as the next Federal Reserve Chair—chooses to cut interest rates, it would result in a policy misstep.