Musk wrote on the X platform that he is fully convinced that the scale of fraud in the federal welfare system (including Social Security, Medicare, Medicaid, welfare and disability insurance, etc.) far exceeds the sum of all private fraud cases.
Barkin said he was confident the Fed would discuss at its July policy meeting whether it was still appropriate to describe inflation as high, and that a 25 basis point cut in interest rates would not matter in any case; the question was when to change the narrative. The best way to maintain credibility is to do the right thing at the right time.