financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Economy
financetom
/
Economy
/
Elon Musk says DOGE should examine Federal Reserve costs, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Elon Musk says DOGE should examine Federal Reserve costs, Bloomberg News reports
May 25, 2025 11:05 PM

(Reuters) -Billionaire Elon Musk is considering sending his government efficiency team to the Federal Reserve, Bloomberg News reported on Thursday, citing a costly renovation of the central bank's Washington DC headquarters as an example of potential government waste.

U.S. President Trump has tasked the Tesla and SpaceX CEO with leading efforts through the Department of Government Efficiency (DOGE) to cut government funding and reshape the federal bureaucracy.

Musk spoke on Wednesday at a briefing in the White House, several media outlets reported.

DOGE's mandate as a whole is set to continue to July 4, 2026. But Musk said DOGE could now help oversee the slashing of federal spending through the end of 2028, Axios reported, from the same briefing.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Federal Reserve Watch for May 9: Fed Officials See Need to Keep Inflation Expectations Well-Anchored
Federal Reserve Watch for May 9: Fed Officials See Need to Keep Inflation Expectations Well-Anchored
May 26, 2025
02:17 PM EDT, 05/09/2025 (MT Newswires) -- New York Fed President John Williams (voter) said that well-anchored inflation expectations are the bedrock of central bank policy and that it is essential to maintain them in times of uncertainty. Fed Governor Michael Barr (voter) said tariffs may spur upward pressure on inflation, noting that their size and scope were without modern...
 Fed's Goolsbee relishes running 'Da Bank' in 'Da Pope's' hometown
Fed's Goolsbee relishes running 'Da Bank' in 'Da Pope's' hometown
May 26, 2025
(Reuters) -Neither tariffs, nor plunging consumer and business sentiment, nor President Donald Trump's pointed criticism have swayed the Federal Reserve on interest rates - but the pick of the first U.S.-born pope appears to have moved one U.S. central banker. The 7th District is unique in its industry composition and is the only Fed district to have produced a pope,...
 Fed officials, citing uncertainty, reiterate patient policy stance
Fed officials, citing uncertainty, reiterate patient policy stance
May 26, 2025
(Reuters) -The first wave of Federal Reserve officials to weigh in after this week's policy meeting reiterated on Friday that the current economic uncertainty calls for monetary policy patience as Trump administration trade policy boosts risks to the outlook. When it comes to the current state of Fed policy, we're in a good place, New York Fed President John Williams...
 Fed's independent structure has proved its worth, Waller says
Fed's independent structure has proved its worth, Waller says
May 26, 2025
PALO ALTO, California (Reuters) -The structure of the Federal Reserve's Board of Governors, with members who cannot be fired over policy disputes and serve for periods staggered across presidential terms, has stood the test of time and should be preserved, Fed Governor Christopher Waller said on Friday. Waller, citing earlier research of his own and others, said the U.S. central...
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2025 - www.financetom.com All Rights Reserved