(Bloomberg) -- The Federal Reserve should more closely monitor the economic struggles of the bottom 60 percent of the economy when making policy since “average statistics” are camouflaging what’s really occurring in the U.S., billionaire Ray Dalio wrote in a report Monday.
Dalio noted wide disparities in factors including labor, retirement savings, health care, death rates and education between the top 40 percent and bottom 60 percent of the country.
The founder of Bridgewater Associates said it would be a “serious mistake” for the Fed to just focus on a national average as it could lead the policy makers to see a brighter economic picture than the reality.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
