D.O.G.E Elon Musk takes on the Federal Reserve, which is trying to explain the recent sharp reduction
Elon Musk criticized the Federal Reserve, calling it "absurdly bloated," while teaming up with Trump to cut government spending by $2 trillion. Trump mocked Jerome Powell's work at the central bank, calling it the easiest job, and promised to hold the central bank accountable. The latest Fed rate cut spooked the markets, with major stock indices falling over 3%, and Bitcoin crashing as inflation remains stubborn and rate cuts slow down.
Elon Musk drew attention to the Federal Reserve, calling it "absurdly bloated" in a post on X (formerly Twitter).
The eccentric billionaire, who will soon head the Department of Government Efficiency (D.O.G.E.) under President Donald Trump, seems interested in taking on the central bank.
