The richest businessmen lost more than $ 30 billion after the speech of the head of the Fed
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Elon, Musk, Jeff Bezos and other richest businessmen lost more than $30 billion after the speech of the head of the Federal Reserve System (FRS) Jerome Powell, follows from the data rating Forbes Real Time. Powell admitted that interest rates could rise again.
At the end of July, the US Federal Reserve announced on raising the base interest rate by 75 basis points to 2.25-2.5%. The rate increase was the fourth in a row over the past six months. The head of the Fed in his speech admitted that he would continue to pursue a tight monetary policy in order to reduce inflation to 2%.
The state of the largest entrepreneurs, as writes Forbes, decreased by $30 billion. In particular, the founder of Tesla and SpaceX, Elon Musk, lost $5.4 billion, the fortune of the head of Louis Vuitton Moët Hennessy (LVMH) Bernard Arnault decreased by $4.5 billion, and the founder of Amazon, Jeff Bezos, lost $6.5 billion .
Warren Buffett, Larry Ellison, Bill Gates, Sergey Brin and Larry Page also lost $2 to $5 billion.
After Friday’s statement by the head of the Fed, trading on US stock exchanges closed with a fall in indices by 3-4%. Powell’s speech lasted about eight minutes, notes Bloomberg. According to the agency, the wealth of the richest people in the United States has decreased by $78 billion.
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