Musk supports US presidents’ interference in Federal Reserve decisions

SpaceX CEO Elon Musk has backed the idea of ​​allowing presidents to intervene in Federal Reserve policy.

According to CNBC, Musk’s comments reflect a broader push for Fed independence that could take shape under the incoming Trump administration.

Federal Reserve Chairman Jerome Powell said on Thursday that he would not resign if Trump asked him to, reviving what could once again be a contentious relationship between the Fed chairman and the president-elect.