Tesla CEO Elon Musk responded to a post by Rick Rieder, chief investment officer of global fixed income at Blackstone Group, arguing that the Federal Reserve should start cutting interest rates.
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This positive development lends credence to the view that there may be some excess seasonality in the first quarter and keeps the possibility of a rate cut this year alive.
Musk responded: Do you think the Fed should lower interest rates? Will doing so bring substantial benefits to low-income earners? My understanding is that you think so. I also agree with your position.
Musk calls on the Fed to cut interest rates: It will bring substantial benefits to low-income people
Tesla CEO Elon Musk responded to a post by Rick Rieder, chief investment officer of global fixed income at Blackstone Group, arguing that the Federal Reserve should start cutting interest rates.
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