Official Federal Reserve responses and press releases

Elon Musk Endorses '#EndtheFed' Proposal for Presidential Intervention in Federal Reserve Policy Following Trump Election Win

Nov 9, 2024, 09:52 PM

Elon Musk has publicly endorsed a controversial proposal to allow U.S. presidents to intervene in Federal Reserve policy, a move that could significantly alter the central bank's independence. This endorsement comes in the wake of the recent election win by Donald Trump, suggesting that the Federal Reserve will face increased scrutiny in the coming months and years. The proposal, which has been associated with the hashtag '#EndtheFed', has garnered attention from various sectors, indicating a potential shift in the relationship between the executive branch and monetary policy.