Elon doesn't need the money, the FED is on Ron's bucket list since forever. The system tied itself knots, it needed to be exposed but it's to far gone now.
Elon is paper rich. Ron like Sleepy Joe and TheTard is now senile. But for those who lust for it, one can never have enough power.
It's not about power the country's going into survival mode, cutting corruption out of the system. Elon has his money in a bank in China, he wrote a $250 million check to win Pennsylvania. Ron has enough followers to help him.
As the saying goes .... its always about the money {and power}. Corruption lol and selling bibles, sneakers, shitcoins and anything else that comes to mind. Be serious.
Ron Paul, 89, Reacts To Elon Musk's Idea To Put Him In Charge Of The Federal Reserve, "Go Slow, Don't Get Too Excited" Some momentary 89 yr old sanity for a change.
Fed to wait for months on next rate cut as tariffs risk inflation flare up- Reuters poll https://finance.yahoo.com/news/fed-wait-months-next-rate-000637745.html Faced with the threat of rising inflation, the U.S. Federal Reserve will wait until next quarter before cutting rates again, according to a majority of economists in a Reuters poll who previously expected a March cut. Economists have raised their inflation forecasts since U.S. President Donald Trump was elected, based on concerns his policies, particularly on tariffs, could re-ignite price pressures in the economy. After cutting rates by a cumulative 100 basis points between September and December, Fed officials, including Chair Jerome Powell, have recently said they are "not in a hurry" to lower rates further. With a strong job market and still solid consumer spending, many economists see the world's largest economy in a sweet spot, with little need for lower rates. So far, there have been new tariff announcements every week. Trump said on Sunday he would impose new 25% tariffs on all steel and aluminium imports. The White House delayed its plan to increase trade barriers on Mexico and Canada until March 1 but has levied an additional 10% tariff on imports from China. "The tariffs are inflationary and could be quite negative for economic growth as well. That uncertainty just means the Fed is sort of left waiting and wanting to see what actually does happen," said James Knightley, chief international economist at ING. "There's lots and lots of moving parts to the policy thrust of Donald Trump, and some of them are somewhat contradictory. It's very, very challenging, and so confidence in any of our forecasts around the U.S. economy, and by extension global economic activity, is pretty low right now." While a near-60% majority of economists in a January poll had expected the central bank to reduce rates in March, they were divided in the February 4-10 poll on when the Fed will cut next. A two-thirds majority of forecasters, 67 of 101, expected at least one rate cut by end-June with 22 saying March and 45 in the second quarter. Only 17 of 99 economists with end-2025 forecasts said the next cut will come in the second half of the year, and 16 expected no cuts this year. Interest rate futures are pricing in just over a 50% probability of one rate cut by mid-2025. Although poll medians predict the Fed will lower rates twice this year, reaching 3.75%-4.00% by end-2025, the range of forecasts is wide, from a low of 3.00%-3.25% and a high of 4.50%-4.75%. There is no majority view. But economists were more certain about inflation pressures. Over 90% of common contributors between the October survey - conducted just before the U.S. presidential election - and the latest poll raised their 2025 annual inflation forecast, by around 40 basis points on average. Nearly 60% of respondents, 27 of 46, who answered an additional question said U.S. inflation risks from tariffs have gone up recently. A further 17 said no change, with only two saying they had gone down. "The uncertainty is likely enough to keep Fed officials on the sidelines over the coming months, and if high tariffs are ultimately imposed then the subsequent rise in inflation will prevent further easing over the remainder of 2025," noted Neil Shearing, group chief economist at Capital Economics. After growing an annualised 2.3% last quarter, the U.S. economy will expand 2.2% this year and 2.0% in 2026, faster than what Fed officials currently see as the non-inflationary growth rate of 1.8% over coming years, poll medians found. The unemployment rate, which ticked down to 4% last month, was forecast at 4.2% this year and 4.1% next.
What system are you referring to ? Can you give a simple example of one of the "knots" the system has tied itself into?
Impossible for the US Fed to react when Trump is so erratic on economic policy and loves negative strategies like tariffs.