[Introduction] "End Federal Reserve"?Musk supports
China Fund Reporter Taylor
Hello everyone, simply look at overseas news tonight.
Musk supports Trump to interfere with the Fed
Tesla and SpaceX CEO Elon· Musk expressed the idea of supporting the president to interfere with the Feds policy.
In a social media post from the Republican Senator Mike Lee on Thursday, Li called on the Federal Reserve to operate under the command of the president. Musk used "100 100 on Friday" 100"Emoticons agree.Senator Li also added the label of "#Endthefed" in the post.
Although the comments are short, Musks statement reflects the next Trump administration may put more extensive pressure on the Feds independence.
Thursday, Fed Chairman Jerom Powell said that if Trump asked him to ask himHe resigned, he would not resign.This shows that the relationship between the Fed Chairman and the new president may become nervous again.
The tradition of the Feds independence is to enable the central bank to independently determine monetary policy, such as raising or reducing interest rates, purely based on the future health of the US economy.
But during his first term, Trump did not taboo to break the tradition and publicly criticized Powell and his policy decisions.
During the 2024 presidential campaign, Trump also hinted many times that if he entered the White House again, he would hope to have a certain right to speak for the Feds policy.
Trump said at a press conference at the Haihu Manor in Florida in August, "I think the president should have at least a certain right to speak.I made a lot of money, and I was very successful. I think my intuition is more accurate than some members of the United States or some members of the United States. "
The Federal Reserve Chairman Powell said
If Trump asked him to resign, he would not agree with
In the early morning of November 8, Beijing time, the Fed said that the target range of the federal fund interest rate was reduced by 25 basis points to 4.5%-4.75%, which met market expectations.
At a subsequent press conference, a reporter asked the Fed Chairman Powell. If he was elected President Trump asks him to resign, whether he would agree, Powell replied, "NoYes.Do.
Trumps policy may affect inflation and growth path, and his return to the White House has also caused people to question whether the Feds energy is freely formulated in the form of interest rate policies without political intervention.
Trump appointed Powell in 2018 as the Fed as Chairman of the Fed. Later, he asked Powell to stop raising interest rates, and then asked him to cut interest rates.Powell did not perform these requirements.
Trump said that the Fed should solicit his opinion when making interest rates. One of his groups of allies drafted some proposals earlier this year and will ask the Federal Reserve Chairman candidatePrivately agree with Trumps non -formal negotiation on the Feds decision.
The most direct way to increase Trumps influence on the Fed is that Anjun loyalty to his own candidates enter the Seven Council of the Fed, especially as chairman.Powells chairman will expire in May 2026, and his Federal Reserve Director will expire in January 2028.Most legal experts said that without proper reasons, Powell could not be removed from office before the end of his term.
