Elon Musk, the CEO of Tesla and SpaceX, endorsed the idea of allowing presidents to intervene in Federal Reserve policy, as proposed by Sen. Mike Lee. This reflects a broader pressure campaign on Fed independence that may manifest during the next Trump administration. Fed Chair Jerome Powell recently stated he would not resign if asked by Trump, potentially reigniting a contentious relationship between the Fed chair and the president-elect.
Full Article
Loading PerspectiveSplit analysis...
