In the midst of a wave of economic and financial chaos, Donald Trump, Elon Musk and the Secretary of the United States Treasury, Scott Besent, three key figures in American economic policy, each made an announcement on Tuesday, April 22, indicating a slight return to economic orthodoxy that could lead to a rebound in financial markets.
The president announced that he did not intend to fire Jerome Powell, president of the American Central Bank, the Federal Reserve, before the end of his mandate in 2026, despite having recently threatened to fire him. “No, I have no intention of saying goodbye,” he said, after the ceremony of appointing Paul Atkins as president of the stock exchange and values. “I would like to see it a little more active in terms of your idea to reduce interest rates. This is a perfect time to reduce interest rates. If you don’t, it’s the end? No. It isn’t.”
Next, Musk, the CEO of Tesla, which has been commissioned to reduce government spending, he explained, the presentation of Tesla’s quarterly profits of Tesla at the end of the afternoon, that would reduce its participation in the Government’s efficiency department. “The great work slug necessary (…) to order the financial house in order is mainly carried out, and I think that from next month next month, my time assignment to DGE will decrease significantly,” said Musk, adds that he planned only “one or two days.” From next month, I will assign much more from my time to Tesla, “he said.
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