Musk second-guesses the Fed
“Elon Musk has a new nemesis in the Federal Reserve. The Tesla CEO has slammed the US central bank for soldiering on with interest-rate hikes, despite what he considers growing signs the inflation threat is fading.”
USAGOLD note: Musk like everyone else in the business-finance realm is talking his book. He tells the Fed that inflation is contained because the copper price is down. Is that an accurate indication of what to expect on the inflation front? Musk, more than most, should be well aware of the problems in the global supply chain beyond copper driving up prices. At the same time, his concerns about the strong dollar, which he shares with a long list of nation states, are well-taken.