Foreign media: Musk may support Trump's intervention in the Federal Reserve

Musk is a loyal supporter of President-elect Trump and supports the idea of ​​"allowing the president to intervene in the Fed's policy," according to CNBC. According to reports, Utah Republican Senator Mike Lee had previously called on the Fed to "take orders from the president" on social media. In response, Musk posted a "100" emoji on the 8th, expressing full agreement. Mike Lee added the tag "#EndtheFed" to his post. Musk's comments, although brief, reflect a broader pressure campaign on the independence of the Fed that may form in the next Trump administration. According to reports, Federal Reserve Chairman Powell said on the 7th that he would not resign even if Trump asked him to resign. This marks a potentially controversial relationship between the Fed chairman and the president-elect. The Fed's tradition of independence is designed to give the central bank the ability to formulate monetary policy, such as raising or lowering interest rates, entirely based on the future health of the U.S. economy. (Jinshi)