Elon Musk Criticizes Federal Reserve's Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos – Economics Bitcoin News

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Tesla CEO Elon Musk insists that the U.S. Federal Reserve is operating with 'way too much latency in their data.”

his position and said, “At the risk of being repetitive, these Fed rate increases might go down in history as the most damaging ever.” In the last week, Musk has once again criticized the U.S. central bank in a number of viral tweets.

After computer scientist and essayist Paul Graham shared an article about banking issues in the U.S. published by the Washington Post, Elon Muskto Graham’s tweet. “FDIC needs to change to unlimited coverage to stop bank runs and Treasury needs to stop issuing ridiculously high-yield bills, such that it makes no sense to have money in a low-interest-rate bank ‘savings’ account. Right now,” Musk tweeted. In another tweet about the small handful of U.S. bank collapses, Musk insisted that the U.S.

 

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He's right, this needs to be fixed.

'Maybe that's why Elon Musk is so far ahead of them in innovation - no latency in his data!' TooFunny

elonmusk check pdn_pandanite, you will like it

It’s 6 months + behind

He’s right about that, but hardly the ahead of the curve in making this criticism. This is a widely known,widely discussed topic. Why are you giving Musky airtime for repeating a well-worn topic?

This is exactly why I only trust ChiefraFba for signals and analysis

Totally agree, but I only use ChiefraFba for signals and analysis

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