Cathie Wood says the U.S. is in a 'rolling recession' as money velocity collapses, but that will help unlock Fed rate cuts and lower taxes

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• Ark Invest's Cathie Wood warned that the economy could be headed for one or two negative quarters amid a "rolling recession" as worries about job security spur Americans to save money rather than spend it. But the downturn will help free the Federal Reserve to cut interest rates and set up the Trump administration to lower taxes.

Ark Invest founder and CEO Cathie Wood is bearish on the economy's short-term prospects but expects the Federal Reserve and the Trump administration to step up soon.