President-elect Donald Trump’s return to the White House has sparked discussions about potential changes to the Federal Reserve, with some questioning if the central bank will continue to operate under his administration. Calls to abolish the Fed have gained traction, with influential figures like Elon Musk expressing support for this idea.
Republican Senator Mike Lee of Utah has been vocal about his belief that the Executive Branch, led by the president, should have more control over the Federal Reserve. This sentiment has been echoed by others who argue that the Fed's existence goes against the principles outlined in the Constitution.