Elon Musk Wants to “Destroy” the Federal Reserve!!

With Donald Trump Returning to the White House

Some of his supporters, including

Elon Musk, are questioning whether

the Federal Reserve (Fed)

should exist?

President Trump, who reposted an article by Republican Senator

Mike Lee on social media with the “100%” emoji, supports

the idea of ​​eliminating the Fed.

During the campaign, Trump promised to “lower interest rates,” although in reality, the President cannot directly

adjust interest rates. If Trump pressures the Fed to lower interest rates,

this could cause inflation to rise again, which would go against the Fed’s goal of price stability.

Trump has said that he wants to fire or demote Fed

Chairman Jerome Powell, whom he has criticized for keeping interest rates

too high.