Elon Musk warns Federal Reserve may face DOGE audit

Published On Feb 10, 2025, 4:14 PM

Elon Musk has stated that the Federal Reserve may be subject to audits under his Department of Government Efficiency (DOGE). He expressed the need for total transparency in government, including the actions of the Fed, which he has previously criticized as being 'absurdly overstaffed.' Musk's comments come in the wake of his ongoing scrutiny of federal spending and recognition that the Fed's workforce has been criticized for being bloated. Musk believes the Fed should reduce interest rates more rapidly to better align with market expectations, and this could have implications for monetary policy moving forward.