According to TechFlow, on December 23, according to Jinshi, Musk wrote on the social media platform X that the Federal Reserve, which is responsible for protecting the world's largest economy, is "extremely bloated with staff." These remarks were sparked by a series of discussions triggered by someone posting about the Fed's latest policy decision.
Previously, President-elect Trump had also targeted the Fed, arguing that he should have a say in monetary policy and interest rate setting. The Fed and its chairman, Jerome Powell, have been frequent targets of Trump, who appointed him during his first term. Recently, he mocked Powell's job as "the best job in government," saying, "You go to the office once a month and say, 'Let's see, flip a coin.'"
