Cathie Wood: US inflation will significantly fall, with potential inflation at only 0.5%

Cathie Wood, founder of Ark Invest, stated that inflation in the United States will significantly decline, with a year-on-year decrease to 0.5% measured by unit labor costs. In the first quarter of the United States, productivity increased by about 3% year-on-year, hourly wages increased by 3.5% year-on-year, and potential inflation was 0.5%. The Truflation metric has decreased from 11% year-on-year in 2022 to 1.8%, with the core Truflation dropping to 1.4%. Based on five studies commissioned by Federal Reserve Chairman Kevin Walsh, Cathie Wood believes that Federal Reserve Chairman Kevin Walsh understands the role of productivity in the decline of inflation and the shortcomings of government inflation statistical indicators. Federal Reserve Chairman Kevin Walsh will give a monetary policy master class to financial markets.