Legendary investor Jack Bogle said on Monday that the Federal Reserve did the right thing by not raising interest rates at its meeting last week.
"There are plenty of challenges ahead for our economy as the whole world economy gets into this messy state it's in," he said. "So I think the Fed is doing just the right thing under the old Hippocratic oath. First, do no harm."
Bogle described the U.S. economy as "adequately strong but not vibrant," citing wage pressure and a small workforce.