<p>Twitter CEO <a href="https://www.deccanherald.com/tag/elon-musk" target="_blank">Elon Musk </a>on Saturday said that the next <a href="https://www.deccanherald.com/business/business-news/us-fed-again-hikes-interest-rates-by-75-bps-1158879.html" target="_blank">US Federal Reserve rate hike </a>will amplify the recession.</p>.<p>"If the Fed raises rates again next week, the recession will be greatly amplified," he said in a tweet.</p>.<p>Several users expressed their thoughts on Musk's post.</p>.<p>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."</p>.<p>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.</p>.<p>Musk said last week that the American central bank needs to immediately cut interest rates as a severe recession is looming.</p>
<p>Twitter CEO <a href="https://www.deccanherald.com/tag/elon-musk" target="_blank">Elon Musk </a>on Saturday said that the next <a href="https://www.deccanherald.com/business/business-news/us-fed-again-hikes-interest-rates-by-75-bps-1158879.html" target="_blank">US Federal Reserve rate hike </a>will amplify the recession.</p>.<p>"If the Fed raises rates again next week, the recession will be greatly amplified," he said in a tweet.</p>.<p>Several users expressed their thoughts on Musk's post.</p>.<p>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."</p>.<p>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.</p>.<p>Musk said last week that the American central bank needs to immediately cut interest rates as a severe recession is looming.</p>