Cathie Wood: The Federal Reserve should "do more and talk less"; humanoid robots are expected to replace human labor within 10 years
BlockBeats News, January 26, Cathie Wood recently stated on the podcast "The Brainstorm" that she strongly opposes the current high level of transparency at the Federal Reserve, saying "this actually creates market volatility and high-frequency trading opportunities." She prefers the approach of saying less and doing more, as in the eras of Volcker (focused on money supply) or Greenspan (relative stability of gold prices).
Cathie Wood believes that current U.S. inflation is essentially below 2% (based on unit labor costs of only 1.2-1.4%), which is completely different from the wage-cost-push inflation of the 1970s. Trump’s policies (similar to Reagan’s but more aggressive) may further increase the return on capital in the U.S., strengthen the dollar, and help control inflation without the need for significant interest rate hikes.
In the field of AI, Cathie Wood said that if hundreds of billions of dollars are invested in AI computing power in the coming years, humanoid robots are expected to achieve true flexibility by the end of the 2020s and could replace human labor. Cathie analyzed that humanoid robots are highly economical: a $100,000 robot can correspond to $500,000 in human labor costs over 10 years, with an ROI of more than 5 times, ultimately bringing a trillion-level productivity boost.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Chip Expansion Continues, Applied Materials (AMAT.US) Q1 Revenue Guidance Exceeds Expectations
Applied Materials reported Q4 revenue of $10.41 billion, surpassing expectations and setting a record for the full year. Its Q1 guidance also exceeded forecasts, driven by strong demand for AI chips, and the stock rose about 3% after hours.
Saba Capital Management reports acquisition of $755,308.44 in Mexico Fund common shares
Juniper Investment Reports Acquisition of $5.11 Million in Orthofix Medical Common Shares
The U.S. fiscal deficit in October expanded by 42% year-on-year to $404 billion, with the current fiscal year gap expected to reach $2.2 trillion.
Data released by the U.S. Treasury Department on Thursday showed that, due to increased government spending and decreased tax revenue, the U.S. fiscal deficit reached $404 billions in October, expanding by 42% compared to the same period last year.
Crypto prices
More
