Cathie Wood Calls for Interest Rate Cuts Amid High Unemployment

ARK Invest CEO Cathie Wood recently shared her views on social media, advocating for lower interest rates despite high unemployment rates. Wood stated that current unemployment surpasses levels seen before the 2008-2009 financial crisis. She highlighted the expectation of a productivity-driven economic boom that should alleviate unemployment duration. Wood’s comments underscore the need for monetary policy adjustments to address ongoing employment challenges.