Cathie Wood Calls for Interest Rate Cuts Amidst High Unemployment

ARK Invest CEO Cathie Wood recently voiced her opinion on social media, urging for a decrease in interest rates. Ms. Wood emphasized that the current unemployment rate exceeds levels seen during previous economic cycles before the 2008-2009 financial crisis. She suggests that the anticipated productivity-driven economic boom should lessen the duration of unemployment. Wood’s comments highlight the need for monetary policy adjustments to address the pressing issue of joblessness.