Powell pushes back on Musk's claim Fed is 'absurdly overstaffed'

1. Jerome Powell rebutted Elon Musk's claims about the Fed's staffing. 2. The Fed maintains a careful budget process, ensuring public accountability. 3. Interest rates were held steady amid ongoing inflation uncertainties. 4. Musk has a history of criticizing the Fed's actions and staffing levels. 5. Policy changes may indirectly impact S&P 500 due to interest rates.