Elon Musk Endorses Call to End the Federal Reserve

Elon Musk appeared to endorse a call to end the Federal Reserve after sharing a tweet from Utah Senator Mike Lee, who advocated for more executive oversight of U.S. monetary policy and abolishing the central bank. Lee argued that Federal Reserve Chair Jerome Powell’s recent statement—that he would not resign, even if requested by incoming President Donald Trump—showed a system beyond executive control. Lee wrote: “The Executive Branch should be under the direction of the president. That’s how the Constitution was designed. The Federal Reserve is one of many examples of how we’ve deviated from the Constitution, in that regard.