Cathie Wood Calls Fed's 2022 Rate Hikes A 'Massive Mistake,' Says Kevin Warsh Will Fix It - State Street

Cathie Wood Calls Fed's 2022 Rate Hikes A 'Massive Mistake,' Says Kevin Warsh Will Fix It - State Street

Ark Invest CEO Cathie Wood has launched a sharp critique of U.S. monetary policy, branding the Federal Reserve‘s 2022 interest rate hikes a “massive mistake” while asserting that newly appointed Chairman Kevin Warsh will successfully fix it. The Fed’s Blunder Wood argued that when history is viewed with enough hindsight, the aggressive rate-tightening cycle initiated four years ago will be recognized as a severe economic policy error. She stated…