Elon Musk Makes a Dire Prediction About the Economy

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The Street

By Luc Olinga The Billionaire thinks a bold move by the Fed may be more devastating to the economy than current inflation. Inflation is by far the word of the year 2022. Soaring prices of goods and services are at their highest in 40 years, which considerably affects the purchasing power of households. To relieve consumers, the Federal Reserve (Fed) has embarked on an aggressive monetary policy, marked by a sharp rise in its interest rates. Economists warn that this monetary policy, also observed in other regions of the World, particularly in Europe with the European Central Bank (ECB), risks …

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