Elon Musk Says Fed Must Cut Rates ‘Immediately’ to Avoid ‘Severe’ Recession

Industrialist Elon Musk said Wednesday that alternatively of further tightening monetary settings, the Federal Reserve should “immediately” little involvement rates oregon hazard a “severe recession” successful the U.S. economy. Musk made the remarks successful a station connected Twitter, responding to a remark made by Tesmanian co-founder Vincent Yu, who predicted a “real economical recession” adjacent year. In the look of deteriorating e...