Ray Dalio, head of the world's biggest hedge fund, told CNBC on Wednesday the Federal Reserve should wait for signs of inflation before it raises interest rates. Fed Chair Janet Yellen's cautious bearing to winding down easy monetary policy has been the correct approach, the Bridgewater Associates founder on "Squawk Box." Dalio's firm manages $163 billion overall, including nonhedge fund money. "If I were running monetary policy, I'd wait to see for the whites of the eyes of inflation," he said, because the Fed should not be ahead of market expectations on increasing rates. The first hike is expected in the ... (full story)