He described the economic backdrop as “dire,” and said Twitter faces a “challenging economic climate,” in an email to Twitter staff.
“The Fed is not listening, because they’re looking at the rearview mirror instead of looking out the front windshield,” he said, meaning that the central bank is too focused on lagging economic data instead of current conditions.
Musk is one of several corporate bosses to sound the recession alarm in recent weeks. Amazon founder Jeff Bezos, JPMorgan CEO Jamie Dimon, and Goldman Sachs CEO David Solomon have all issued grim economic outlooks.
