Dalio: The U.S. economy has fallen into stagflation, and cutting interest rates would be a decision mistake

According to Jinshi reports, Bridgewater founder Ray Dalio stated on April 27 local time that inflationary pressures continue to accumulate alongside slowing economic growth, and policymakers must remain cautious. He pointed out that the U.S. economy is undoubtedly in a stagflation period and warned that if Kevin Warsh, who is about to take over as Federal Reserve Chairman, chooses to cut interest rates, it will lead to a decision-making error.