Fund chief: Fed rate cuts won't end credit crunch

01/7/2008 | Financial Times (free content)

Further Federal Reserve interest-rate cuts will not alleviate credit-crunch problems, according to billionaire fund manager Ray Dalio. Dalio is one of the experts that have been advising the central bank in recent months. Dalio also said the Fed needed to set a "realistic" growth target rate of 2.2%.

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