# The Urgency of Cutting Interest Rates: A Look at Tesla CEO Musk’s Comments## IntroductionElon Musk
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The Urgency of Cutting Interest Rates: A Look at Tesla CEO Musk’s Comments
According to reports, Tesla CEO Musk said that the Federal Reserve needs to cut interest rates by at least 50 basis points this week.
Tesla CEO Musk: The Federal Reserve needs to c