Cathie Wood says the Fed could risk a repeat of 1929 depression

Ark Invest’s Cathie Wood once again urged the Federal Reserve to pivot from its aggressive rate-hike cycle, she said in a series of tweets Saturday.
The central bank could be pushing the economy into a serious downturn like the Great Depression if the Fed continues to ignore deflationary signals, Wood said.
“We would not be surprised to see broad-based inflation turn negative in 2023,” Wood said.
The innovation investor believes the U.S. economy echoes the Roaring Twenties with inflation easing and technological forces on the rise.