Cathie Wood And Elon Musk Agree Fed Has Gone Too Far

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Cathie Wood said that the banking crisis is not over yet and Elon Musk agrees with the analysis.

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Answering the question whether AI can heal the banking system, Cathie Wood said AI is unlikely to fix the banking crisis.

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She added that the crisis which is not over yet is another sign that the Fed has gone too far.

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“Many investors ask why we are optimistic. In our view, the equity and fixed income markets are discounting lower interest rates, a + for innovation,” ArkInvest CEO further added.

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Elon Musk responded to her tweet saying, “absolutely.”

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Earlier, Fed raised interest rates 0.25%, increasing inflation fight amid the ongoing banking crisis.

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So far this year, 3 major US banks have collapsed.

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