Bridgewater Associates founder Ray Dalio said on April 27 that continued inflationary pressures coupled with slowing economic growth mean policymakers must remain cautious. Dalio stated on Monday, "We are undoubtedly in a period of stagflation," warning that the US economy has entered a stagflationary environment, and pointing out that if incoming Federal Reserve Chairman Kevin Warsh chooses to cut interest rates, it would be a policy mistake.
