Part 2/7:
Musk has long criticized the Federal Reserve, labeling its workforce as "bloated," and has openly questioned its monetary policy decisions. He has suggested that the Fed needs to drop interest rates, accusing it of being "foolish" for not doing so earlier. His critiques are not entirely unfounded, as the Fed did cut rates in the following months—September, November, and December—suggesting that his calls may have resonated with some policymakers.