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Dalio: The U.S. economy has fallen into stagflation, and cutting rates will be a decision error

MeNews
ME News, April 28 (UTC+8): Bridgewater Fund founder Ray Dalio said on April 27 local time that inflation pressures continue to compound with slowing economic growth, and policymakers must remain cautious. He noted that the U.S. economy is undoubtedly in a stagflation period, and warned that if Kevin Warsh—who is expected to take over as Fed chair—chooses to cut interest rates, it would result in a decision-making mistake. (Source: ChainCatcher)
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