《Musk's Angry Retort to Fed's Powell》

Elon Musk has clashed with the Federal Reserve, stating that the Fed has “too many people,” and he has teamed up with Trump to cut $2 trillion in government spending! This has caused a huge stir in the market, raising questions about whether the crypto market can rebound.

Musk directly called out the Fed on social media, questioning its large staff size. This tech giant, alongside President Trump, aims to reduce expenses through government efficiency reforms, with the Fed being one of their targets. The Fed's “hawkish rate cut” decision last week caught the market by surprise, leading to a significant drop in major stock indexes and Bitcoin. Inflation remains high, and the pace of rate cuts is slowing, heightening market anxieties.

Trump has also launched fierce criticism against the Fed and its chairman Powell, claiming that the central bank's monetary policy has resulted in poor economic growth. He mocked Powell's job as the “easiest in government,” saying he only needs to occasionally come out and say a few ambiguous words, leaving the rest to chance. As Trump’s capable assistant, Musk's new role is intensifying this attack. He plans to completely reform these bloated agencies through the Department of Government Efficiency (DOGE), making the market more efficient and transparent. This showdown between Musk and Trump against the Fed and Powell has not only drawn widespread attention from the market but has also left people filled with questions and expectations about the future direction of the economy.

Do you think Musk and Trump's government efficiency reforms will be successful? Come share your thoughts in the comments!