Musk’s statement is one that could have repercussions on the economy

According to reports, Tesla CEO Musk said that the Federal Reserve needs to cut interest rates by at least 50 basis points this week. Interpretation of this information: The recent message from Tesla CEO Elon Musk urges the Federal Reserve to cut interest rates by a significant margin. Although the statement has been concise, it has significant implications for the country’s economy. The Federal Reserve is an independent body that operates the monetary policy of the United States by regulating the interest rates. The interest rates can impact the business…