Elon Musk slams ‘heavy-handed’ Fed as ex-BitMEX CEO sees $1M BTC price By Cointelegraph

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The United States Federal Reserve has been “too heavy-handed” in taming inflation, said pro-Bitcoin (BTC) Tesla (NASDAQ:) and Twitter CEO Elon Musk.

In a Twitter debate on March 29, Musk directly criticized U.S. macroeconomic policy, including “excess government spending.”

Fed target rate probabilities chart. Source: CME Group (NASDAQ:)
1-hour candle chart (Bitstamp). Source: TradingView