Dalio: If Kevin Walsh, who is about to become the Federal Reserve Chair, chooses to cut interest rates, it will result in a policy mistake.

Golden Finance reports that on April 28, Bridgewater Fund founder Ray Dalio said on April 27 local time that inflationary pressures continue to add on while economic growth slows, and policymakers must remain cautious. Dalio said on Monday, “We are undoubtedly in a stagflation period,” warning that the U.S. economy has already entered a stagflation environment, and noting that if Kevin Walsh, who is set to take over as Fed chair, chooses to cut interest rates, it would result in a decision-making mistake. (Jin10