Elon Musk, a key Trump backer who is expected to have considerable sway in helping shape Trump’s policies, included a “100” emoji while resharing Republican Sen. Mike Lee of Utah’s post on X calling for abolishing the Fed.
Elon Musk, a key Trump backer who is expected to have considerable sway in helping shape Trump’s policies, included a “100” emoji while resharing Republican Sen. Mike Lee of Utah’s post on X calling for abolishing the Fed.
Elon Musk’s involvement is click-baity from the content of the article. Primarily it is about Donald Trump wanting the Federal Reserve Bank to consult with him before changing the interest rate. Abolishing the fed is probably hyperbole.
Trump will enter the White House with a republican controlled congress and judiciary. A simple majority in congress is all that’s needed to repeal the Federal Reserve Act, though without a replacement lined up, that alone would be enough to destroy our economy so thoroughly it could lead to partial societal collapse; possibly on a global scale.