"Steve Cohen Predicts AI-Enabled Four-Day Work Week and Inflation Challenges"

Billionaire hedge fund manager Steve Cohen believes the Federal Reserve will struggle to bring inflation down to its 2% target due to potential constraints on labor and underemployment, but he still agrees with market estimates of three rate cuts this year. Cohen also expressed confidence in the stock market, attributing the current rally to investors pricing in future growth from artificial intelligence, which he sees as a "really durable theme" that will impact a wide variety of companies.