Elon Musk Criticizes Federal Reserve's Operations And Calls For Stricter Audits

According to Odaily, Elon Musk has once again directed criticism towards the Federal Reserve, labeling it as bloated and inefficient. On Monday, Musk took to social media platform X to share a post advocating for the dissolution of the Federal Reserve, commenting that the institution's staffing levels are excessively high. Musk's discontent extends beyond staffing issues, as he also critiques the Federal Reserve's decision-making processes, particularly in relation to its monetary policy. While the Government Accountability Office (GAO) regularly conducts financial audits of the Federal Reserve, Musk argues for a more thorough examination of its policy decisions, especially those affecting interest rates. These decisions have a direct impact on the economy, and Musk believes that the Federal Reserve should be subject to external scrutiny beyond its internal framework.