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Musk Says US Recession 'Inevitable' at Some Point
Posted
June 21, 2022
Views
546
Likes
12
Comments
5
Engagement
3.11%
June 21, 2022
546
12
5
3.11%
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0:18Now PlayingElon Musk told Tesla executives earlier this month that he had a “super bad feeling” about the economy, according to an internal email seen by Reuters. Seeking to quell a surge in living costs, the Federal Reserve accelerated its monetary-tightening campaign last week with its biggest interest-rate increase since 1994.
A recession in the US is inevitable at some point, he said Tuesday. “As to whether there is a recession in the near-term, that is more likely than not.”
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