The U.S. Federal Reserve risks weak economic growth throughout this year due to its backward-looking, “draconian” rate hikes, warned Wall Street’s best-known tech sector bull. ARK Invest founder Cathie Wood, who became famous for her prescient bets on disruptive technologies led by companies such as Tesla, argued the Fed must temper its policy given leading economic indicators were flashing red. These included speculative bets indicating an expectation for rising bankruptcies via… Source link
Read More »Cathie Wood warns the Fed are ignoring dangerous signals as it plows ahead with draconian rate hikes
