Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shanthi Rexaline

Elon Musk Calls Out Fed For Too Much Latency In Rate Decisions Ahead Of Tuesday's Meeting: 'Problematic In A Fast-Changing World'

The U.S. Federal Open Market Committee starts a two-day monetary policy meeting on Tuesday. Ahead of it, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk took to Twitter to comment on inflation and interest rates.

What Happened: Ark Invest’s Cathie Wood tweeted last week that the Biden administration is going by what prevailed in the 1970s — when the Fed under Larry Summers had launched a relentless fight against inflation by hiking the policy rate. Inflation then had raged unhindered for 15 years before the Fed got into action, she said.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.