Elon Musk's Peak Insight For Federal Reserve

Here Is What Elon Musk Thinks For Federal Reserve

March 21, 2023 Ramsha Naushad

Elon Musk has expressed his worries about how the Federal Reserve could potentially affect the entire stock market's value.

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Elon Musk said: "Fed needs to drop the rate by at least 50bps" (basis points) on Wednesday.

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He says that the Fed needs to tread carefully, especially when it comes to having a rate that would exceed 6%.

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During Tesla's Q4 earnings call, Elon Musk talked about the central bank's moves against inflation.

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He said that the Feds should tread carefully while expressing his concerns that the stock market could be at risk.

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Musk also expressed how the Fed is at risk of affecting all equities, which would be extremely dangerous for the whole market.

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The S&P 500 lost 20% last year while officials hiked interest rates by 425 basis points.

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