BlockBeats News, June 25th, Cathie Wood, the founder of Ark Invest, stated in a post that during her Asia and Europe tour, she noticed that investors still have strong concerns about inflation. However, she believes that inflation may recede significantly, and the reason is not just the fall in oil prices. Measured by unit labor costs, the year-on-year inflation in the United States has dropped to 0.5%.Cathie Wood stated that, as demonstrated in the 1980s and 1990s, productivity is a powerful force against inflation. US first-quarter productivity grew by about 3% year-on-year, and hourly wages grew by 3.5% year-on-year, resulting in "potential inflation" of 0.5% and no cost-push inflation. Truflation, an index that tracks in real-time the prices of thousands of consumer goods and services, has dropped from 11% year-on-year in 2022 to 1.8%, and core Truflation has dropped to 1.4%.Based on five studies commissioned by Kevin Warsh, she believes that Warsh not only understands the role of productivity in the inflation decline but also the flaws in government inflation statistics. While others expect interest rates to rise earlier than a few months ago, Warsh will deliver a master class in monetary policy to the financial markets.