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In a reply to a tweet about the concerning outlook for the U.S. economy next year, Musk said the “Fed needs to cut interest rates immediately. They are massively amplifying the In a reply to a tweet, Elon Musk said that the US Federal Bank needs to cut interest rates immediately to prevent a recession. According to Musk, increased interest Billionaire Elon Musk said Sunday the Federal Reserve was “foolish” to not have cut interest rates sooner in the wake of a lackluster jobs report that raised concerns Billionaire Elon Musk criticised the Federal Reserve for not cutting interest rates, expressing concern over the potential damage to the economy due to prolonged high Aug 4 (Reuters) - Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the U.S. central bank not to have done so already. Elon Musk thinks a recession is coming and worries the Federal Reserve's attempts to bring down inflation could make it worse. In a tweet early Wednesday, the Tesla

Elon Musk Urges Immediate Fed Rate Cut: Is Recession Looming?

Elon Musk is once again making headlines, this time with a strong stance on Federal Reserve policy. In a reply to a tweet about the concerning outlook for the U.S. economy, Musk said the “Fed needs to cut interest rates immediately." His comments echo growing concerns that the Fed\'s aggressive rate hikes, intended to combat inflation, could trigger a severe economic downturn.

The Tesla CEO isn\'t alone in his worries. According to Musk, increased interest rates are "massively amplifying" economic problems. He has repeatedly warned of an impending recession, believing the Federal Reserve\'s current trajectory is not only misguided but potentially "foolish." Billionaire Elon Musk criticised the Federal Reserve for not cutting interest rates, expressing concern over the potential damage to the economy due to prolonged high rates.

This isn\'t the first time Musk has voiced his opinion on monetary policy. Aug 4 (Reuters) - Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the U.S. central bank not to have done so already. He\'s consistently argued that keeping interest rates elevated risks stifling economic growth and pushing the country into a deep recession. Billionaire Elon Musk said Sunday the Federal Reserve was “foolish” to not have cut interest rates sooner in the wake of a lackluster jobs report that raised concerns.

Elon Musk thinks a recession is coming and worries the Federal Reserve\'s attempts to bring down inflation could make it worse. The core of his argument, as articulated In a tweet early Wednesday, is that the Fed\'s focus on taming inflation is overshadowing the potential for significant economic damage. In a reply to a tweet, Elon Musk said that the US Federal Bank needs to cut interest rates immediately to prevent a recession. Is Musk right? Only time will tell if the Fed will heed his warnings and pivot towards a more dovish monetary policy.

Stay tuned for more updates on this developing story.

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