Elon Musk criticized the economic and monetary policy of the United States, pointing in particular to the finger of "excessive public spending"
Responding to a tweet from Genevieve Roch-Decter, CEO of financial analyst firm Grit Capital, who claimed that "the US Dollar is losing its status as a reserve currency", Musk agreed, citing a "serious problem". According to him, “US policy has been too heavy-handed, making countries want to abandon the dollar. »
In another tweet, Musk added that the problem was made worse by the Fed, "combined with excessive government spending, which forces other countries to absorb a significant portion of our inflation."
Finally, let us recall that the Fed has, as it had planned, raised rates by 0.25% at its last meeting, but that expectations are unclear for the future.
