Whatever It Takes? China Is Stimulating, Again.

There may soon be fewer jobs for economists in both the US and China.

On Monday, December 23, Elon Musk (one of the DOGE Boys) tweeted that the "Fed is absurdly overstaffed." On its website, the Fed in Washington brags: "The Federal Reserve Board employs more than 500 researchers, including more than 400 Ph.D. economists, who represent an exceptionally diverse range of interests and specific areas of expertise." (We, at Yardeni Research, are willing to do what the Fed does for half the cost.)