has a clear path<\/a> to replacing Jerome Powell as the next leader of the Fed in mid-May,\u00a0were to cut rates, it would risk damaging confidence in the central bank at a critical moment.<\/p>\n“Certainly, you would not cut interest rates now,” Dalio said. “You will lose your credibility. The Federal Reserve would lose its credibility, particularly now. … If you look at monetary policies by other countries, you’re not going to see them cutting,” he said. “So whatever your benchmarks are, you’re not going to be inclined to cut \u2026 not with today’s information.”<\/p>\n
Traders are currently pricing in a 100% chance that the Fed will leave rates unchanged at this week’s meeting, with fed funds futures indicating policy is most likely to stay on hold for the rest of the year, according to the CME FedWatch tool.<\/p>\n
Dalio said the dramatic rebound in equities made sense despite the ongoing war with Iran because of the strength of corporate earnings. Still, he said he recommends a 5% to 15% allocation to gold as an “effective diversifier.”<\/p>\n
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Billionaire investor Ray Dalio warned that the U.S. economy has slipped into a stagflationary environment and said it…\n","protected":false},"author":3,"featured_media":757116,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[298352,9167,7789,133,64,81,79,3346,142,75621,135,6769,4326,134,67,132,68,3642],"class_list":["post-757115","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-gc26m","tag-breaking-news-business","tag-breaking-news-investing","tag-breaking-news-markets","tag-business","tag-business-news","tag-economy","tag-investment-strategy","tag-jerome-powell","tag-kevin-warsh","tag-markets","tag-prices","tag-ray-dalio","tag-stock-markets","tag-united-states","tag-unitedstates","tag-us","tag-wall-street"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116477988613272211","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/757115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=757115"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/757115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/757116"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=757115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=757115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=757115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Billionaire](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/04\/108297745-17773063261777306324-45548360595-1080pnbcnews.jpg\")
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