Musk: The Fed needs to drop the rate by at least 50 bps.
Having expressed this opinion on Twitter, he supported Bill Ackman, CEO of Pershing Square hedge fund.
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After serious disruptions to the banking system and the closing of three banks within a week, Ackman suggested the Federal Reserve take a break on Wednesday.
Elon Musk did not remain silent and once again called on the Fed to drop rates by 50 basis points. The last time he turned to the regulator was in November 2022.
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