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Ray Dalio: The U.S. economy has entered stagflation, and cutting interest rates would 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 are continuing to stack up as economic growth slows, and that 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 about to take over as Fed chair, chooses to cut interest rates, it will amount to a decision mistake. (Source: ChainCatcher)
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