BlockBeats News, on November 10, according to CNBC, Musk is a staunch supporter of President-elect Trump and endorses the idea of "allowing the president to intervene in Federal Reserve policy." Reports indicate that Republican Senator Mike Lee from Utah previously called on the Federal Reserve to "obey the president" on social media. In response, Musk posted a "100" emoji on the 8th, indicating full agreement. Mike Lee included the hashtag "#EndtheFed" in his post. Although Musk's comment was brief, it reflects a broader pressure campaign that may form regarding the independence of the Federal Reserve in the next Trump administration. Reports state that Federal Reserve Chairman Powell said on the 7th that he would not resign even if Trump asked him to. This signals a potentially contentious relationship between the Federal Reserve Chairman and the President-elect. The tradition of Federal Reserve independence is designed to empower the central bank to formulate monetary policy solely based on the future health of the U.S. economy, such as raising or lowering interest rates. (Jin Shi)