Warton School's finances, Jeremy Siegel, states his views on the decision of the federal preparation system that will not be changed to “Claman Countdown”.
Jerome Powell, chairman of the Federal Reserve, pushed back to Wednesday, under the claim of the billionaire, an Ylong Musk, claiming that the central bank was enlarged when asked at a press conference.
“The Fed is full of personnel,” said Donald Trump's leader of Donald Trump's government efficiency bureau (DOGE) last month in X's post.
Powell announced that the Central Bank would stabilize interest rates and asked about these remarks by Fox Business Edward Lawrence at a press conference.
“We are conducting a very careful budget process that we are fully aware of. We borrow it from the general public. I believe we are doing it. I. I haven't commented on that anymore, thank you, “Powell replied.
The Federal Reserve has a stable interest rate in the uncertainty of inflation.
Fed Chair Jerome Powell said that Central Bank had a cautious budgeting process. (Michael M. Santiago /Getty Image /Getty Image)
Powell and Fed have previously faced political criticism from Musuk.
In May, the mask posted, “There are many employees in the Fed.”
Tesla and SPACEX's billionaire CEOs also wrote that the Fed was too slow to reduce interest rates last summer, and in August that the Fed would “need to lower interest rates.” It is stupid to nothing. “
ELON MUSK'S DOGE employs another employment
Elon Mask criticizes Powell and Fed several times. (Tom Williams / CQ-ROLL CALL, Inc, Getty Images / Getty Images)
The Fed has reduced interest rates for the first time since March 2020, since the inflation has been cooled from a high price of 40 years, which was reached in June 2022.
The Central Bank reduced the federal funding rate of benchmarks in September, reducing 25 Basis points in November and December, and then paused in economic uncertainty.
DOGE, its president Donald Trump It was officially established through the Presidential Ordinance last week, aiming to reduce government waste and provide the transparency of government expenditures.
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MUSK's reductions include simplification of US tax law, pentagonal audits, ending the remote work of federal employees, recruitment of expired parliament programs, modernization of IT systems, protection of federal medicine and social security benefits. It is included.
Fox Business's Breck Dumas has contributed to this report.
