Elon Musk has once again drawn public attention to the work of the US Federal Reserve System (FRS). On his social media page, he criticized the excessive bureaucracy in the FRS, hinting that the system needs serious changes. In his opinion, the actions of the FRS too often hinder the development of the economy and innovative industries, including cryptocurrencies and blockchain technologies.
Interestingly, this criticism coincided with the statements of President-elect Donald Trump, who recently announced the need to revise the country's monetary policy. Trump believes that the FRS is too conservative in its approaches, which prevents the United States from remaining competitive on the global stage.
Musk has previously criticized traditional financial institutions, including banks and regulators, emphasizing the need for reforms that would meet the challenges of the digital age. It seems that the topic of changing the FRS policy is becoming increasingly relevant for both business and the government.
The question now is whether the authorities are ready to listen to the opinions of influential figures like Musk and will they revise the US financial strategy?