Fed needs to wait until 'whites of the eyes of inflation' to act: Hedge fund manager Ray Dalio

Billionaire investor Ray Dalio- founder of the world's biggest hedge fund Bridgewater Associates- appeared on CNBC's " Squawk Box" on Wednesday.. Dalio recently said he has no plans to take Bridgewater public, despite such moves by BlackRock, Blackstone, Carlyle Group and Evercore.