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Professor of Finance at the Honorary Warton School, Jeremy will give his decision in the Federal Reserve decision to leave prices unchanged in the “Claman Count”.
On Wednesday, the Federal Reserve Chairman Jerome Powell prepared the demand of billionaire Elon Musk that the central bank was blowing when he was asked during a press conference.
“The Federal Reserve is absolutely exaggerated.”
Powell was asked about those observations made by Edward Lawrence “Fox Business” at a press conference after the central bank announced that it would bear the constant interest rates.
Powell replied: “We run a very accurate budget process as we are fully aware. We owe it to the public, and we think we are doing it. I have no other comment, thank you.”
The Federal Reserve maintains fixed interest rates amid uncertainty in inflation
Federal Reserve Chairman Jerome Powell said the central bank has a precise budget. (Michael M. Santiago / Getty Images / Getty Images)
Powell and drew her political criticism from Musk before.
In May, Musk published that “the Federal Reserve has a large number of employees.”
The CEO of the billionaire company at Tesla and Spacex also said last summer that the federal reserve was very slow to reduce interest rates, as it was written on X in August that the “Federal Reserve” needed to drop prices “and was” a fool who did not do it already. “
Dog Musk’s Doge pays another employment
Elon Musk Powell and the Federal Reserve September has criticized several times. (Tom Williams / CQ-Roll Call, Inc via Getty Images / Getty Images)
The Federal Reserve reduced interest rates at its meeting in September first since March 2020, while calming inflation from the highest level of 40 years in June 2022.
The central bank reduced the rate of standard federal funds by 50 basis points in September, followed by the smaller 25 basis points in November and December, before this month stopped amid economic uncertainty.
Dog, the president Donald Trump It was officially established through the executive order upon his return to the White House last week, aiming to reduce government waste and provide increasing transparency with government spending.
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Some discounts suggested by Musk include simplifying the tax law in the United States, the viewing of the Pentagon, the completion of a distance from federal employees, the reassessment of expired Congress programs, the modernization of information technology systems and the protection of federal health care and social security, to name a few.
Breck Dumas contributed to Fox Business in this report.
