NEW YORK, Sept 13 Ray Dalio of Bridgewater
Associates, one of the world's biggest and most closely-watched
hedge fund investors, said Tuesday that the economic environment
is too fragile for the Federal Reserve to raise interest rates
later this month.
"The risks are so much more on the downside," Dalio,
chairman and co-chief investment officer of Bridgewater, said at
the CNBC Institutional Investor Delivering Alpha Conference.
Dalio disagreed with J.P. Morgan chief executive Jamie
Dimon, who said recently that the Fed should raise rates sooner
rather than later.
"That's wrong," Dalio responded.
(Reporting By Jennifer Ablan, Editing by Franklin Paul)