- Elon Musk has once again criticized the Federal Reserve’s aggressive interest-rate hikes.
- “The higher the rates, the harder the fall,” he said Saturday.
- The Fed’s tightening campaign has sparked a stock market sell-off – with Tesla shares plunging 64% since the start of last year.
Elon Musk has once again questioned the Federal Reserve’s monetary tightening campaign – with the central bank signaling it’ll keep interest rates high this year despite fears of a US recession.
“I wonder what would have happened in 2009 if the Fed had raised rates instead of lowering them,” Musk tweeted Saturday, referring to the regime of ultra-low interest rates that fueled a surge in asset prices in the decade after the 2008 financial crisis.
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