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%.
In comparison, Jerome Powell and his team have increased it 13-fold from 0.25% to 3.25% to "slay the dragon," Wood said.
