Elon Musk Wades Into Inflation Debate as Fed Tees Up Another Jumbo Rate Hike

Elon Musk Wades Into Inflation Debate as Fed Tees Up Another Jumbo Rate Hike
Elon Musk arrives at an event in New York City, on May 2, 2022. Reuters/Andrew Kelly
Tom Ozimek
Updated:
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Tech entrepreneur Elon Musk weighed in on the inflation debate as Federal Reserve policymakers prepared to convene for a two-day meeting at which markets expect the central bank to deliver another large rate hike to cool soaring prices.

Musk took to Twitter on Sept. 19 to argue that former Treasury Secretary Larry Summers had made a “fundamental error” in viewing the current bout of inflation as similar to the 1970s and deeply entrenched.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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