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Elon Musk’s D.O.G.E. is going after the Federal Reserve as it struggles to explain last week’s disappointing performance…
Elon Musk has set his sights on the Federal Reserve, calling it “absurdly overcrowded” in a post on X (formerly Twitter).
The eccentric billionaire, who will soon lead the Office of Government Efficiency (D.O.G.E.) under President Donald Trump, appears intent on dismantling the central bank.
His comment came after the central bank announced a disappointing “aggressive rate cut,” leaving markets jittery and drawing sharp criticism from Trump. The Fed employs about 24,000 people across its 12 regional banks and the Board of Governors in Washington, a number that Elon and Trump both consider excessive.
Elon, along with businessman Vivek Ramaswamy, is leading the Trump administration’s $2 trillion efficiency overhaul. “We’re cutting the excess,” Trump said during his campaign. “Nobody can sit around and get paid for doing nothing — not even Jerome Powell.”
Trump and Elon vs. the Fed and Powell
The president has been attacking the central bank since day one. He blames its monetary policy for holding back economic growth during his first term and has made many direct criticisms of Powell, the Fed chairman he appointed.
“It’s the easiest job in government,” Trump scoffed. “You show up once a month, say something vague, and then leave the rest to chance.”
Elon’s new role as one of Trump’s closest advisers is amplifying those attacks. With D.O.G.E., he plans to overhaul bloated institutions.
The central bank actually employs far fewer people than its European counterparts. The central banks of Germany, France and Italy alone dwarf the Fed’s staffing levels, but Trump thinks it’s still too big. 🥰👉follow 👇buy here👇


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