https://finance.yahoo.com/news/elon-...140000023.html
Elon Musk wants the Fed to 'cut interest rates immediately' — but Jerome Powell says inflation 'remains far too high.'
It’s hard to say how effective the U.S. Federal Reserve’s tightening monetary policy has been at taming inflation. But one thing’s for sure: higher borrowing costs do not bode well for the economy.
Unsurprisingly, experts — including Tesla CEO and Twitter owner Elon Musk — are now calling for rate cuts.
“Fed needs to cut interest rates immediately,” Musk says in a recent tweet. “They are massively amplifying the probability of a severe recession.”
But even the richest person in the world doesn’t always get what he wants.
Speaking at the Brookings Institution on Wednesday, Federal Reserve Chairman Jerome Powell says that inflation “remains far too high.”
“Despite some promising developments, we have a long way to go in restoring price stability,” he remarks.
Investors don’t like prolonged rate hikes. The S&P 500 has already tumbled roughly 15% this year.
The Republicanization of Elon Musk
https://www.axios.com/2022/12/01/elo...ative-politics
Billionaire Oligarch Musk is losing billions in the stock market. Lost hundreds of millions/billions in crypto. "Micro-chip your brain" Musk wants the dollar to inflate, perhaps causing the demise of the dollar and the implementation of bitcoin as the only currency of the globe.
Musk is the Jewish imposed "leader of the resistance".