U.S. economy out of "intensive care": Bridgewater's Dalio

(Reuters) - Hedge fund titan Ray Dalio said the U.S. economy had come out of the "intensive care unit," but he warned against any quick move to "austerity" budget measures.

"We were in the intensive care unit," Dalio, who runs the $120 billion hedge fund Bridgewater Associates, told more than 200 guests at the Council of Foreign Relations in Manhattan on Wednesday. "We are largely healed and largely operating in a manner that is sustainable if we don't hit an air pocket."