Emeritus Jeremy Seigel, Finance Professor of Wharton School, took his decision on the Federal Reserve’s decision to release unchanged rates on ‘The Claiman Countdown’.
Federal Reserve Chair Jerome Powell Billionaire Elon Musk’s claim was pushed back on Wednesday, when the Central Bank was bloated when he was asked during a press conference.
Elon MuskThe leader of the Department of Government Efficiency (DOGE) of President Donald Trump wrote in a post on X last month, “Fed is absurd.”
Powell was asked about the comments by Edward Lawrence of Fox Business, which is at a press conference after the announcement of the Central Bank at a press conference, which will keep the interest rates stable.
“We run a very careful budget process where we fully know. We give it to the public, and we believe that we do this. I have not received any other comment on it, thanks,” Powell replied.
Federal Reserve inflation stabilizes interest rates amid uncertainty
Fed Chair Jerome Powell said that the Central Bank has a careful budget process. (Michael M. Santiago / Getty Images / Getty Images)
Powell and Fed have previously faced political criticism from Kasturi.
In May, Musk posted that “Fed has a high number of employees.”
The CEO of Tesla and SpaceX billionaire also said that in the last summer fed interest rate cuts were very slow, writing on X in August that the fed “needs to leave the rates” and “not already that it is already This has not been done. “
Elon Musk’s Dogi Push another work
Elon Musk has criticized Powell and Fed several times. (Tom Williams / CQ-Roll Call, Ink Getty Image / Getty Image)
In its meeting for the first time after March 2020, Fed cut interest rates, as inflation reached a 40 -year high in June 2022.
Central Bank cut the rate of benchmark Federal Funds in September 50 basis points, followed by small 25 base point cut in November and December, before stopping for this month Economic uncertainty,
Dog, which president Donald Trump Last week is to officially establish, reduce government waste through an executive order on its return to the White House and provide increased transparency with government expenditure.
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Some cuts proposed by Musk include simplifying America tax codeAuditing Pentagon, ending distance work of federal employees, ending Congress programs, modernization of IT system and protecting federal healthcare and social security benefits, to name some.
Fox Business’ Break Dumas contributed to this report.
