“Today, Dalio took to CNBC to say that the US economy has slipped into a ‘stagflationary environment.’”
'I think that right now we are at a decision-making point and very close to a recession,' he said.
'And I'm worried about something worse than a recession if this isn't handled well.'
“Dalio warned that if Warsh were to lead the nation’s central bank to cut interest rates, that would risk damaging confidence in the Fed.”
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