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Cathie Wood, the CEO and CIO of Ark Invest, claims that the Federal Reserve is causing deflation. The Federal Reserve is engaging in quantitative tightening to combat inflation in the United States. In doing so, the Fed has all but ensured a global stock market crash.
However, Catherine Wood of ARK investments is questioning the Fed’s hawkish stance. In an open letter, she claims that the Fed’s policy guidance will result in deflation. Wood is not the only notable figure with a dire deflation warning. Tesla CEO Elon Musk has made similar comments regarding the central bank’s restrictive monetary policy.
Pressure Mounts On The Fed
The Federal Reserve appears to be resolute in its stance against inflation. Fed chair Jerome Powell highlighted the importance of curbing inflation before it is entrenched into normalcy. He considers bringing inflation under 2% to
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