American tycoon Elon Musk called on the Fed to cut interest rates by at least 2 yards at its meeting on Wednesday (22nd).

(Associated Press)

[Financial Channel/Comprehensive Report] The Federal Reserve (Fed) will hold a two-day meeting on March 21 and 22 and make an interest rate decision.

American billionaire Elon Musk believes that the Fed needs to cut interest rates by at least 2 yards (50 percentage points) this week.

According to comprehensive media reports, Musk posted on Twitter today (21st), calling on the Fed to cut interest rates by at least 2 yards at the meeting on Wednesday (22nd).

Musk's remarks were in response to a tweet earlier this morning by U.S. hedge fund tycoon Bill Ackman.

Ackman said in a tweet that he believes the Fed should hold off on raising interest rates this week because the banking crisis has already caused a significant tightening of financial conditions.

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Ackman also pointed out that inflation is still a problem at present, and the Fed needs to continue to show determination. He believes that Fed Chairman Jerome Powell (Jerome Powell) should make it clear that the pause in interest rate hikes is only temporary, and hinted that "unless the banking crisis is not resolved Otherwise, he intends to resume raising rates at the next meeting."

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