Ray Dalio Disagrees With Dimon That It’s Time to Raise Rates
- Says Fed should focus more on end of long-term debt cycle
- Policy makers sent mixed signal ahead of September meeting
JPMorgan CEO Jamie Dimon: It's Time to Raise Rates
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Billionaire hedge fund manager Ray Dalio said he disagrees with Jamie Dimon’s view that it’s time for the Federal Reserve to raise interest rates, saying such a move would be risky.
Dimon, chief executive officer of JPMorgan Chase & Co., said yesterday that the Federal Reserve should increase interest rates sooner rather than later to maintain credibility. Dalio, speaking at the the CNBC Institutional Investor Delivering Alpha Conference on Tuesday in New York, said economic risks are currently much more to the downside.