Cathie Wood ARK Invest Letter to FED

#FEDfail #CathieWoodArkInvest #Bidenomics

https://fortune.com/2022/10/10/ark-invest-cathie-wood-open-letter-federal-reserve-deflation-lagging-indicators/

“The Federal Reserve has raised interest rates at the fastest pace since the 1980s this year in an attempt to cure America’s inflation problem. But now, many economists and business leaders are beginning to question whether the medicine (rate hikes) could be worse than the disease (inflation).”

https://ark-invest.com/articles/market-commentary/open-letter-to-the-fed/

“Could it be that the unprecedented 13-fold increase in interest rates during the last six months––likely 16-fold come November 2––has shocked not just the US but the world and raised the risks of a deflationary bust?”