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Cathie Wood Says Powell’s ‘Sledgehammer’ To ‘Slay’ Inflation Way More Powerful Than Volcker’s In 1980s: ‘Fed Could Undermine Its Legacy’

Cathie Wood, the founder of ARK Investment Management, has said the current U.S. monetary policy is significantly more restrictive than in the 1980s when, to kill inflation, former Federal Reserve Chair Paul Volcker had pushed the Fed funds rate up two-fold from 10% to 20%.

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Musk Sides With Harshest Fed Critic, Bitcoin Gets Gloomy Prediction, Amazon, Berkshire In Focus With Biden’s Tax Law And More: 5 Key Stories You May Have Missed From The Weekend

Following the Fed-induced sell-off in the week ended Sept. 23, discussions over the weekend centered around whether Federal Reserve Chairman Jerome Powell and his team would announce yet another aggressive rate hike. Here is a quick roundup of five stories you may have missed from the weekend:

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