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Fortune

Eleanor Pringle

SHOCKING: Billionaire investor ray dalio says the fed s measures haven t slowed consumers down | Mind Blowing Facts

Ray Dalio US Federal Reserve Inflation United States

Ray Dalio, founder of Bridgewater Associates LP, during the Bloomberg Invest event in New York, US, on Wednesday, June 7, 2023 (Credit: Jeenah Moon/Bloomberg - Getty Images)

A government-engineered shift in wealth has protected the public from the worst of the Fed's rate hikes, hedge fund veteran Ray Dalio believes, but added the move may have pushed the government to shoot itself in the foot.

Writing on LinkedIn, Dalio, worth $19.1 billion, said there had been a "big government-engineered shift in wealth" from the public sector and government bondholders to the private sector.

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