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Stock impact report

Vivek Ramaswamy talks Fed policy, crypto, US economy agendas [Yahoo! Finance]

Roivant Sciences Ltd. (ROIV) 
Company Research Source: Yahoo! Finance
Sozzi on Market Domination Overtime to discuss his outlook on the economy and the current state of America, as the nation faces economic uncertainty ahead of the 2024 election and prepares for the Federal Reserve to cut interest rates this September. A former hedge fund manager, Ramaswamy went on to found Roivant Sciences ( ROIV ) in 2014 and co-founder Strive Asset Management in 2022. Ramaswamy argues that the focus on the Fed isn't due to their "special knowledge" about economic trends, but rather to "bluntly see what the Fed screws up next." He criticizes the Fed's dual mandate of balancing unemployment and inflation, suggesting it's unsustainable and often results in "badly missing on both" targets. "I personally believe the right policy is dollar stability," Ramaswamy states. "Make that the sole focus of the Fed's mandate... That allows us to have more efficient markets, with not only a stable dollar but stable prices as a consequence. It would really allow for policymakers Show less Read more
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