Elon Musk, a billionaire and the head of the government efficiency improvement department, announced on Friday at a conservative political conference in Maryland that he is considering the possibility of auditing the Federal Reserve of the United States. These statements come after Musk’s repeated requests for increased oversight of the central bank. Since the start of Donald Trump’s second presidential term last month, Musk’s cost-cutting program under the Department of Government Efficiency (DOGE) has had a significant impact on federal agencies. This move could be part of Trump administration’s broader efforts to review the country’s financial and economic structures.
Elon Musk considers auditing the Federal Reserve in Maryland conference