Newly declared Trump supporter Elon Musk is not holding back on his opinion on the U.S. Federal Reserve’s decision to not cut back interest rates at its July meeting.
In a response to a post on X about Warren Buffett’s Berkshire Hathaway unloading Apple stock, Musk mused that the billionaire must be “clearly expecting a correction of some kind” from the Fed.
Related: Elon Musk ‘Worried’ About Interest Rates, Lower Tesla Prices
“The Fed needs to drop rates,” Musk wrote. “They have been foolish not to have done so already.”
He is clearly expecting a correction of some kind or otherwise simply cannot see better investments than Treasury bills.
The Fed needs to
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