(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.
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