Cathie Wood Warns About a Hard Landing for the Economy, but Thinks Artificial Intelligence (AI) Could Come to the Rescue

Cathie Wood manages net assets of around $12 billion in her Ark Invest exchange-traded funds (ETFs). It's part of her job to keep close tabs on macroeconomic trends while also focusing on major technology disruptions.

What does Wood think is coming? In an interview at the Forbes/SHOOK Top Advisor Summit in Las Vegas on Oct. 4, she sounded concerned yet still upbeat. Wood warned about a hard landing for the U.S. economy. However, she thinks that artificial intelligence (AI) could come to the rescue.

Inflation has been problematic over the last couple of years, in large part a side effect of the COVID-19 pandemic. As a result, the Federal Reserve has hiked interest rates to their highest levels in years. Many leading economists have predicted that a recession is on the way in the near term.

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Source Fool.com