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Sunday, June 22, 2025
Recent Fed Rate Hikes Might Go Down in History as Most Damaging Ever Economics Bitcoin News
Elon Musk, CEO of Tesla and chief of Twitter, said the Federal Reserve’s recent rate hike “might go down in history as the most damaging ever.” The billionaire has urged the Federal Reserve (Fed) to cut interest rates immediately, highlighting that the US central bank is “significantly amplifying the likelihood of a deep recession.”
Elon Musk on Federal Reserve Rate Hike
Tesla, Spacex and Twitter boss Elon Musk warned Thursday of the negative impact of a rapid interest rate hike by the US Federal Reserve (Fed).
his warning is Tweet Former investment manager Genevieve Lochdecter said, “The Fed has never hiked rates sooner than this year.” Mr. Musk writes:
At the risk of repetition, these rate hikes by the Fed could go down in history as the most damaging yet.
Roch-Decter also included a chart in the tweet showing that the Fed has raised interest rates even faster this year than at any time in modern history.
Many agreed with the mask. Okay Elon. , one Twitter user wrote. Another explanation is: The Federal Reserve compensates for it by hurting rate hikesit will get worse. “
Musk also blamed the Federal Reserve for the loss of Tesla’s market value. Investment advisor Ross Garber tweeted last week: [board of directors]Totally unacceptable. Musk replied.
Tesla is doing better than ever. We do not control the Federal Reserve. That’s the real issue here.
Billionaires have warned several times about the risk of Federal Reserve rate hikes.Earlier this month he warned that the recession would continue greatly amplified If the Federal Reserve raises interest rates again.The central bank then sets the interest rate to 50 basis points After four consecutive 75 basis point rate hikes.
Last month, Musk warned that ‘trends are concerning’ and stressed that the Fed ‘needs to’ cut interest rates immediately“They greatly amplify the likelihood of a deep recession,” he added. Billionaires used to recession It will continue until spring 2024.
What are your thoughts on Tesla CEO Elon Musk’s warnings about the Fed rate hike? Let us know in the comments section below.
image credit: Shutterstock, Pixabay, Wiki Commons
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