According to CNBC, Musk is a loyal supporter of President-elect Trump, and he supports the idea of "allowing the president to intervene in Federal Reserve policy". According to the report, US Senator Mike Lee, a Republican from Utah, previously called on the Federal Reserve to "obey the president" on social media. In response, Musk posted a "100" emoji on the 8th, expressing his full agreement. Mike Lee added "#The label "EndtheFed" (meaning "end the Federal Reserve"). Musk's comments, while brief, reflect a broader pressure campaign on the Fed's independence that could develop in the next Trump administration. According to reports, Federal Reserve Chairperson Jerome Powell said on the 7th that he would not resign even if Trump asked him to. This marks a potentially contentious relationship between the Fed chairperson and the president-elect. The Fed's tradition of independence is designed to give the central bank the ability to set monetary policy solely based on the future health of the U.S. economy, such as raising or lowering interest rates. (Golden Ten)