Hey Fam,
So, Elon Musk recently took to X to call out the Federal Reserve for being "absurdly overstaffed." This isn't the first time the Fed's been in the spotlight; President-elect Donald Trump has also expressed his desire to have more influence over its decisions, especially regarding interest rates. With Musk set to lead the Department of Government Efficiency under Trump's administration starting January, it looks like the Fed might be in for some changes.:
The crypto market has been pretty volatile lately, and Musk's comments could add to the uncertainty. Investors are keeping a close eye on how these developments might impact monetary policy and, in turn, market dynamics.