#MarketRebound

🇺🇲Elon Musk's comments on 'FED': They have an absurdly high number of employees 👀

After #DonaldTrump won the election, #ElonMusk, who increased his fortune to over $400 billion and became the first person in the world in this sense, seems to be continuing his research in DOGE. Musk recently stated that the employees of the Federal Reserve have more than what they need.

Musk, who heads the Department of Government Efficiency (DOGE) along with Vivek Ramaswamy, responded to data related to the Fed in investor Chamath Palihapitiya's blog post. Musk replied to Palihapitiya's post, in which he wrote that the Fed has stopped lowering interest rates less by 2025 due to concerns about high inflation, by saying that "The number of employees at the Fed is more than necessary" through X.

Is Milei allowed to go?

As in markets, one of the main reasons for high inflation in many countries is due to having too many employees among government staff. Even Javier Milei, who won the recent election in Argentina, has shut down many government agencies or approved a large number of staff for these agencies.

Musk also had a meeting with Javier Milei before the elections in the US. Ultimately, inflation in Argentina, at 190%, has decreased over the past 3 years despite these high rates. Milei described the steps for these ailments as "shock therapy."

#1mbabydogcoin #doge