Elon Musk says Federal Reserve foolish not to have cut interest rates

Billionaire Elon Musk criticised the Federal Reserve for not cutting interest rates, expressing concern over the potential damage to the economy due to prolonged high rates. The Fed left rates steady last week but hinted at a possible cut at their upcoming meeting in September. Fed Chair Jerome Powell suggested a rate cut could occur next month, aligning with the ongoing presidential election campaign.
Read The Rest at :