The news discusses the animosity between Federal Reserve chair Jerome Powell and Elon Musk and President Donald Trump. While both parties have not explicitly expressed their displeasure, it is evident in Powell's demeanor when discussing them. Musk's project, the Department of Government Efficiency (D.O.G.E), has gained attention, with reporters bombarding Powell with questions about Musk and Trump. Powell responds with no comments, indicating his unwillingness to engage publicly. The article suggests that a meeting between the three might resolve the issues, but if the attacks continue, Powell may sue Trump. However, this would negatively impact the economy, stock market, and crypto market. Musk, on the other hand, pushes for budget cuts and frequently teases federal workers with memes surrounding D.O.G.E. The article notes that D.O.G.E has inspired new bills in Texas, focused on improving government efficiency and reducing regulations.
Content Editor ( cryptopolitan.com )
- 2025-01-30
Jerome Powell says he has “no comments” on Elon Musk’s D.O.G.E efforts to cut Fed spending
