Musk sets sights on the Federal Reserve, Musk suggests audit of the Federal Reserve's $25 billion renovation costs.

According to Bloomberg News website on May 1st, billionaire Elon Musk said he is considering sending his government efficiency team to the Federal Reserve. Musk cited the massive renovation project at the Federal Reserve's Washington D.C. headquarters as an example of potential government waste. Musk told reporters at the White House on April 30th, "Ultimately, this is all taxpayers' money. I think we should definitely take a look at whether the Fed really spent $2.5 billion on their interior designers." As of 2022, the long-delayed headquarters renovation project of the Federal Reserve has now cost $2.5 billion. The Fed stated that this number is due to the project starting in 2021 when inflation rates were soaring, leading to increased costs of building materials and labor. Musk said, "This is shocking."