Musk: DOGE "absolutely should" review the Fed's spending on its headquarters building

Odaily News Musk said he was considering sending his U.S. government efficiency team to the Fed and said there may be waste when the Fed spends money to renovate its headquarters building. "At the end of the day, this is taxpayer money, and I think we certainly - we absolutely should - look at whether the Fed really spent $2.5 billion on their interior designer," Musk said. As of 2022, the Fed's renovation costs for the headquarters have swelled to $2.5 billion over the years, a figure the Fed attributes to rising construction material and labor costs since the project began in 2021, when inflation began to soar. "It's surprising," Musk said. (Jinshi)