Elon Musk Supports Trump's Influence Over Federal Reserve
TL;DR Summary
Elon Musk has expressed support for Donald Trump's proposal to place the Federal Reserve under presidential control, aligning with Republican Senator Mike Lee's view that the Executive Branch should direct the Fed. Trump has criticized current Fed Chair Jerome Powell and suggested he should have input on interest rate decisions. Musk, a significant Trump supporter, has seen his net worth increase following Trump's election victory.
- Elon Musk backs call to place Federal Reserve under Trump’s control New York Post
- Trump, Jay Powell and a Potential Fight over the Fed’s Future The New York Times
- '#EndtheFed': Elon Musk endorses plan to let presidents meddle with Federal Reserve after Trump election win CNBC
- Elon Musk backs call to ‘#EndTheFed’ after Jerome Powell says he won’t resign early Fortune
- Elon Musk reposts call to end the US Federal Reserve Bank Cointelegraph
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