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Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession

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Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession

Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014.

Lucy Nicholson | Reuters

Elon Musk thinks a recession is coming and worries the Federal Reserve’s attempts to bring down inflation could make it worse.

In a tweet early Wednesday, the Tesla CEO and Twitter owner called on the Fed “to cut interest rates immediately” or risk “amplifying the probability of a severe…

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