Fed’s fears about inflation are misplaced – key to growth lies in innovation in AI
20 March 2024
ARK Invest’s CEO, Cathie Wood, believes that the Fed’s fears about inflation are misplaced and deflation should be the central banks’ main concern, while the key to growth lies in innovation in AI. With many US company’s short-term profits now at risk following last year’s 24-fold surge in the Fed funds rate from 0.25%...