Recession Calls Grow; Mnuchin on Inflation Threat: Qatar Update

Delegates at the second annual Qatar Economic Forum, from Tesla Chief Executive Officer Elon Musk and Nouriel Roubini to Atlas Merchant Capital’s Bob Diamond and StanChart’s Bill Winters, warned the US was heading toward a recession.

In a wide-ranging interview, Musk also left doubts about his commitment to a $44 billion takeover of Twitter. Qatar’s $450 billion wealth fund has backed that bid, and its CEO said Tuesday he believes in Musk’s leadership.

Later, former Treasury Secretary Steven Mnuchin said inflation in the US can be brought under control if energy prices settle down and the Federal Reserve follows through on its pledge to continue raising interest rates.