Is the Federal Reserve Headed for a DOGE Showdown?: QuickTake

May 1, 2025, 6:55 PM UTC

Elon Musk has his sights set on the Federal Reserve, suggesting that his government-efficiency team should examine the nation’s central bank.

Musk, speaking to reporters April 30, pointed to the Fed’s renovation of its headquarters in Washington as a potential point of inquiry for the Department of Government Efficiency, or DOGE.

“Since at the end of the day, this is all taxpayer money, I think we certainly — we should definitely — look to see if indeed the Federal Reserve is spending $2.5 billion on their interior designer,” Musk said at the White House.

He called the costs associated with ...

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