🌟🌟🌟Jerome Powell has said t

koolgal
11-09

🌟🌟🌟Jerome Powell has said that it is not possible for Donald Trump to fire him as he is protected under the US legislation. The Federal Reserve is an independent body and not part of the US Federal Government. However Jerome Powell's term as the Chairman ends in May 2026. It has been reported that Trump may allow Jerome Powell to serve his full term but after that things may change.

Elon Musk is in charge of 6 companies. They are Tesla, Space X, X (formerly known as Twitter), XAi, Neuralink and The Boring company. He is reported to work 80 to 100 hours a week. I cannot imagine how Elon Musk will find the time to be in charge of Trump's new Department of Government Efficiency (Doge) . The idea is grand - to trim costs and make government departments run more efficiently and eliminate USD 2 Trillion from the Budget.

However I believe it is an uphill task and 85% of the Budget is mandatory spending. This includes Medicare, Defense, Veteran welfare etc.

I also believe that Elon Musk should focus on running his companies especially Tesla as he is the CEO and he has a duty of care to his investors. There are many new projects that Tesla has in the pipeline such as Robotaxi, FSD, Optimus Robot. So Trump should find someone else to be the Head of DOGE.

As they say "Jack or Elon of All Trades, Master of None".

@Tiger_comments @TigerStars

Fire Powell, Hire Musk? Is it Possible to Happen?

@Tiger_comments：

Earlier reports indicated that Trump intends for Powell to complete his term, which expires in May 2026, though “he may change his mind at any time.” If Trump were to replace Powell, would it be a good or bad thing? Powell has demonstrated his determination to fight inflation, which contrasts with Trump’s policies. After Trump’s successful election, market expectations for a Fed rate cut have decreased. However, US stocks have still risen significantly. During this week's FOMC, reporters kept asking a series of questions such as, “Does the president have the authority to make you leave?” Powell made it clear that even if Trump asked him to step down as Fed chair, legal protections prevent him from being "removed." Do you support Musk becoming a cabinet member? Aside from Powell's position, another hot topic is whether Musk will join the cabinet. Previously, Trump said that if he wins the election, he would establish a "Government Efficiency Committee" led by Musk. This committee would be responsible for conducting a full financial and performance audit of the entire federal government and making recommendations for “sweeping reforms” to reduce government spending. Can Musk improve government efficiency and reduce costs? Can Trump fire Powell? How do you view? Leave your comments and also post to win tiger coins~

Fire Powell, Hire Musk? Is it Possible to Happen?

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ELI_59
·11-10
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Good insight 👍🏻
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- koolgal:
  Thanks 😍😍😍
  11-10
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不死鸟.
·11-10
谢谢分享
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- koolgal:
  Best of luck 🍀🍀🍀
  11-10
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- koolgal:
  Have a beautiful Sunday 🌈🌈🌈
  11-10
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- koolgal:
  Thanks for your kind support 🙏🙏🙏
  11-10
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Fire Powell, Hire Musk? Is it Possible to Happen?

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