Elon Musk says the Fed will be too slow to lower interest rates again

Tesla CEO Elon Musk said in an interview with CNBC’s David Faber on Tuesday that he believes the Fed was too slow to increase rates, and it will likely be too slow to lower them in the coming months.

“My concern with the way the federal reserve is making decisions is they’re operating with too much latency,” Musk said in the interview. “The data is somewhat stale. The Federal Reserve was slow to raise interest rates, and they’re gonna be slow to lower them.”