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Elon Musk, CEO of Tesla and SpaceX, expressed support for the idea of allowing the president to intervene in Federal Reserve policies. In a social media post on Thursday by Utah Republican Senator Mike Lee, Lee called for the Federal Reserve to operate under the president's command, and Musk endorsed it with a "100" emoji on Friday. Senator Li also added the hashtag "# EndtheFed" to the post. Although the comments were brief, Musk's statement reflects that the next Trump administration may exert broader pressure on the independence of the Federal Reserve.
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