DOGE is 'picking a fight' ​with the wrong people​ — and it 'will end quite badly': analyst

Tech billionaire Elon Musk and his so-called "Department of Government Efficiency," having gained access to several different federal departments, suspended thousands of employees, and interfered with critical IT systems before being reprimanded by federal judges, are now training their sights on the Federal Reserve. Musk has proclaimed that the central bank is "overstaffed" — and Fed Chair Jerome Powell, himself originally appointed to that role by President Donald Trump, has hit back. This is a worrying prelude to what will likely be a war waged by Musk and the Trump administration against the central banking system, economic analyst Catherine Rampell told CNN's Jake Tapper on Tuesday — with potential disastrous collateral damage for the country. "So picking a fight here, whether Elon Musk is doing it or Trump is doing it, will end quite badly for the economy writ large," Rampell concluded.