Dalio warns Fed of 1937-style rate risk rise
Tuesday, March 17, 2015 at 08:07PM
Silver Prices

The US Federal Reserve risks causing a 1937-style stock market slump when it finally moves to raise interest rates, one of the world's most powerful hedge fund managers has warned.

Ray Dalio, founder of the $165bn hedge fund group Bridgewater Associates, is avoiding large bets on the financial markets for fear that the Fed's expected change of policy could have dramatic unintended consequences, according to a note he has sent to clients and followers, report Henny Sender and Stephen Foley in New York and Sam Fleming in Washington.

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