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Ray Dalio Is Worried About Next Downturn as Fed Prepares Move

(Bloomberg) — Ray Dalio, founder of $154 billion Bridgewater Associates, said he’s worried about the next economic slowdown because monetary policy will be less effective than in the past.

“I don’t care whether they raise 25 basis points,” Dalio said Wednesday in an interview with Tom Keene and Michael McKee that was broadcast on Bloomberg radio and television. “What scares me, or what worries me, is what the next downturn in the economy looks like, with asset prices where they are and a lesser ability of central banks to ease monetary policy.”

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