Elon Musk Deflation Warning Likely As Fed Admits To Overshooting

The Federal Reserve is dictating the monetary policy of the US and is controlling the market movement as a result. The Fed continues to follow its hawkish stance despite the economic slowdown and spiking unemployment. However, its aggressive stance can make Elon Musk’s deflation warning a possibility. For the first time, Minnesota Fed President Neel Kashkari finally admits that the central bank can possibly overshoot.