Warton School Finance Professor Jeremy Siegel, Emeeritus, makes his decision on the Federal Reserve's decision to leave unchanged rates in the “Clampan countdown”.
Federal Reserve President Jerome Powell On Wednesday, in the claim of billionaire Elun Moscow, the central bank becomes bloated when asked at a press conference.
Elun CopperPresident Donald Trump's leader, government efficiency (DOGE), wrote in the post X last month: “The Federal Reserve is absurd and reckless.”
Following the announcement of the central bank, which keeps the interest rate constant, Powell was asked about the statements by Fox Trade of Edward Lawrence at a press conference.
Paul replied, “We are doing a very precise budget process that we are fully aware. We owe it to the public and believe we are doing it. I have not commented on it, thank you.”
Federal Reserve proves interest rates among inflation uncertainty
“The central bank has a precise budget,” said Federal Reserve President Jerome Powell. (Michael M. Santiago / Getty Pictures / Giti Pictures)
Paul and the Federal Reserve have previously faced political criticism from musk.
In May, Mosus stated that “the Federal Reserve has a lot of crazy employees.”
The Tesla and Spacex billionaire CEO also said the Federal Reserve was slow to reduce interest rates last summer, and in August, the Federal Reserve “needed a decline in rates” and “stupid it had not done so.”
DOGE ELUN MOSK POSSE POINT POINT POINT
Elon Mossak has repeatedly criticized Powell and the Federal Reserve. (Tom Williams / CQ-Roll Call, Inc through Getty Images / Getty Images)
The Federal Reserve reduced interest rates for the first time in September since March 2020, as inflation was cooled from over 40 years old in June 2022.
The central bank reduced federal funds in September by 50 base points, and then reduced 25 smaller points in November and December, before pause this month in the middle of this month. Economic uncertaintyHuman
DOGE, which president Donald Trump Last week, it was formally established through the executive order, aiming to reduce government waste and to provide more transparency at government spending.
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Some of the proposed slices of the Musk involve the simplification of the United States Tax codePentagon audit, ending the long -running work of federal employees, re -evaluating congressional expiration programs, renovating information technology systems, and protecting the benefits of health care and federal social security, mentioning a few.
Fox Business' Breck Dumas has been involved in this report.