Economics

Dalio, Summers Still See Risk U.S. Overheats After Fed Shift

Fed may struggle to tighten policy, Dalio says at Qatar Forum
Summers says experts should modify their inflation forecasts

Ray Dalio
Photographer: Takaaki Iwabu/Bloomberg

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By Hema Parmar and Christopher Condon

June 21, 2021 at 2:07 PM UTC

Updated on

June 21, 2021 at 3:08 PM UTC

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Former Treasury Secretary Lawrence Summers and billionaire investor Ray Dalio said the U.S. is headed for a period of overheating and inflation that could threaten the economic recovery, even as the Federal Reserve signaled it would step in before that happened.