Billionaire Elon Musk called for the Department of Government Efficiency (DOGE) to investigate the Federal Reserve’s $2.5 billion headquarters renovation spending, escalating his scrutiny of the central bank as he prepares to reduce his role in the government efficiency initiative.
What Happened: “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 two and a half billion dollars on their interior designer,” Musk said at the White House on Wednesday, reported Fox News. “That’s an eyebrow-raiser,” Musk added.
The Tesla Inc. (NASDAQ:TSLA) CEO’s comments target the Fed’s headquarters renovation project, which began in 2021. In November 2022, the central bank disclosed that renovation costs had ballooned …