Musk says Fed Reserves hike may further worsen the situation
They say, the global recession is around the corner. Now Elon Musk says – ‘If this happens then the recession is going to escalate manifold!’
Elon Musk, the Tesla & Twitter owner warns against Fed Reserves Hike. Expressing his displeasure, the world’s richest person warns that this will further escalate global recession.
There is a news coming from Capital Washington. From the next week on, the Federal Reserve of America perhaps going to increase interest rates. This is what is traditionally done in order to control the rising inflation. And in America,the news scares people that the Fed Reserve can do this even the next week also.
Following this, an statement by Elon Musk warned the government against it saying it will further increase the recession in the country. He thought being an American, it’s his concern also and Musk gave his response in this matter.
In loud and clear words, Musk warned the government saying that if the Fed Reserve escalates the interest rates in the coming week, then the America might have to face increased manifold in the days to come.
The warning by Elon Musk has come via a recent tweet written by him. A Twitter user asked the Twitter owner -‘How long do you think, the recession will take to come?’ Replying to this question, Musk tweeted that if one more time the Fed raises the interest rates, then there will be an increased possibility of recession.
The experts say that the Federal Reserve probably is going to announce increase in interest rates in the week to come. But there is a news that Fed may increase interest rates many times.
Significantly, in the month of November itself Musk had said that the American is heading towards a deep recession. He also had added then again saying the biggest reason for this is the continuous escalation in the interest rate by the Federal Reserve.
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