The FOMC will meet for two days on March 21 and 22 to take the rate decisions. Fed chair Jerome Powell had signaled that the quantum of hikes could be increased as the macroeconomic data still presents a picture of an upbeat economy.
This is not the first time Musk has called for rate cuts.
Elon Musk has called on the Fed to cut rates by at least 50 basis points in its Wednesday meeting.
"The @federalreserve should pause on Wednesday....