Cathie Wood Says She Was Wrong on Inflation. This Fed President Says a Slowdown Can Tackle That.

Cathie Wood Says She Was Wrong on Inflation. This Fed President Says a Slowdown Can Tackle That.
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Treasury Secretary Janet Yellen isn’t the only one acknowledging she made a mistake predicting inflation. ARK Invest CEO Cathie Wood says she got it wrong, too. “We were wrong on one, on one thing and that was inflation being as sustained as it has been,” Wood said in a CNBC interview Tuesday.