Twitter CEO Elon Musk in a tweet said that the next US Federal Reserve rate hike will amplify the recession.
He tweeted, "If the Fed raises rates again next week, the recession will be greatly amplified" .
Several users expressed their thoughts on Musk's post.
While one user commented: "No one seems to be noticing that the amount of power consolidated solely in Elon's hands is alarming," another said: "That's true, but if the #Fed doesn't raise rates #inflation will be greatly amplified, which will ultimately amplify the #recession even more."
Last month, Musk had said that the US economy was inching towards a severe recession, and the Federal Reserve needs to stop hiking interest rates.
Musk said last week that the American central bank needs to immediately cut interest rates as a severe recession is looming.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.