Elon Musk says DOGE should ‘definitely’ take a close look at the Fed

• Elon Musk He suggested his government cost reduction project A closer look at the Federal Reserve spending, especially $ 2.5 billion, must be spent to reshape its headquarters in Washington, DC. Musk’s comments come because it is scheduled to back down from his time in Doge, in part to focus on his company EV, Tesla.

Dog of Elon Musk has already made significant discounts to departments throughout the executive authority, but can look at the independent federal reserve as the next goal.

The CEO of Tesla and Trump Consultant said that federal costs should take a closer look at the central bank, noting the great cost of renewing it in Washington, DC as a possible waste source.

“Since the end of the day, this is all taxpayer money, I think we certainly-we must definitely look-to know whether the federal reserve is already spending a billion dollars on its internal designer,” Musk told reporters at the White House, Bloomberg said.

As of the year 2022, the FBI’s re -formation price increased to $ 2.5 billion of the original budget of $ 1.9 billion. The Federal Reserve Reserve headquarters on Al -Dustour Street began in 2021 and aims to integrate most of its employees into one area, as well as improve technology, energy efficiency and compliance with building laws.

However, Musk criticized the high mark of construction on Wednesday.

“I mean, what do you get $ 2.5 billion in re -decorating? It should be incredible,” he said, according to CNBC.

In light of the weak performance of Tesla shares in recent months, Musk last month has pledged its time in Doug “dramatically” starting in May.

The Federal Reserve does not generally receive taxpayer funds because they are self -funded from the interest on securities in their public budget and fees from banks. For years, the Federal Reserve has returned any money from its money after covering the operating costs to the treasury, but in recent years, the Federal Reserve has made a deficit due to the increase in interest payments, Bloomberg said.

However, the documents submitted to the National Capital Planning Committee in the Federal Reserve, which not only include employees, were also important information about the banks that they organized, were in bad condition.

“Although there are regular adjustments and renovations of the building for 80 years, many building systems are at the end of its productive life, and the building no longer serves the entire council’s needs,” the documents say, according to CNBC.

MUSK’s recent comments on the Federal Reserve, where Trump escalated his speech against Federal Reserve Chairman Jerome Powell and has repeatedly called for the Central Bank to reduce interest rates.

Before explaining that he “has no intention” to shoot Powell, Trump suggested that he could reject the Federal Reserve Speaker if he wants to, and he said, “He could not come quickly enough.” On Tuesday, Trump suggested that he knew more than Powell for interest rates.

“It is not supposed to criticize the federal reserve,” Trump said. “You are supposed to allow him to do something for his own, but I know much more than he does about interest rates.”

This story was originally appeared on Fortune.com

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2025-05-01 19:17:00