Odaily News If Trump tries to fire Federal Reserve Chairman Powell, Powell is ready for a legal fight. (WSJ) Yesterday, according to CNBC, Musk is a loyal supporter of President-elect Trump and supports the idea of "allowing the president to intervene in the Fed's policy." According to reports, Utah Republican Senator Mike Lee previously called on the Fed to "take orders from the president" on social media. In response, Musk posted a "100" emoji on the 8th, indicating full agreement. Mike Lee added the tag "#EndtheFed" to his post. Although Musk's comments were brief, they reflected a broader pressure campaign on the independence of the Federal Reserve that could form in the next Trump administration. According to reports, Federal Reserve Chairman Powell said on the 7th that he would not resign even if Trump asked him to resign.