Elon Musk says Jerome Powell is so bad at his job that GPT-4 would be a better Fed chair: ‘This foolish rate hike will worsen depositor flight’

Elon Musk doesn’t think highly of the job Federal Reserve Chairman Jerome Powell is doing. When the Fed raised its key interest rate by a quarter-point on Wednesday, it called the banking system “sound and resilient.” But the Tesla CEO disagreed. Silicon Valley Bank collapsed on March 11, followed…

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