- Elon Musk suggested his project to reduce the cost of government Doge It should take a closer look at the use of the Fed, especially the $ 2.5 billion that has spent updating Washington, DC, headquarters. Musk's views come when he is organized “to a large extent” to reduce his time in Doge, partly focusing on his company EV, Tesla.
Elon Musk's DOGE has already made great Departmental reduction In the executive branch, but it may be to look at the independent federation as its next goal.
Tesla's CEO and Trump's adviser said its federal costumers should take a closer look at the Central Bank, showing the high cost of its Washington repair, DC, as a possible source of waste.
“Since the end of the day, this is all taxpayer money, I think surely-we should-we should see if the Federal park really spends two and a half dollars on their interior,” Musk said to reporters at the White White House, Bloomberg reported.
By 2022, the price of Fed Remodel increased to $ 2.5 billion from the original budget of $ 1.9 billion. The reorganization of the Fed Headquarters in the Constitution Avenue began in 2021 and means to unite most of its staff in one position, as well as Improve technologyEnergy efficiency, and follow construction numbers.
Still, Musk criticized the high price of construction on Wednesday.
“I mean, what do you get for $ 2.5 billion in reorganization? It must be awesome,” he He saidAccording to CNBC.
In light of the poor performance of Tesla stock In recent months, Musk last month promised his time in Doge “he would fall a lot” since May.
The Fed generally does not receive taxpayer money as it funded from interest on security on its balance paper and fees from the bank. For years, the Fed has returned any money it had after covering its treasury costs, but in recent years, the Fed has run deficiencies due to interest payments, Bloomberg reported.
However, the documents submitted by the National Capital Planning Commission note the Fed Headquarters, which the house is not only for employees but also the important information about the bank in charge, was in trouble.
“While there have been common modifications and renovations of the building over its 80 -year history, many construction systems are at the end of their important live CNBC.
Musk's latest comments on Fed are coming as Trump has extended his talks against Fed Chairman Jerome Powell and has repeatedly called on the Central Bank to reduce interest rates.
Before explaining he had “No intention” By shooting Powell, Trump suggested he would dismiss the Fed chairman if he wanted, and said his cessation “It can't come fast enough.” On Tuesday, Trump suggested he knew more than Powell on interest rates.
“You won't be eligible to criticize the fed,” Trump He said. “You deserve to let him do his own thing, but I know more than he does on interest rates.”
This story was previously shown Bahati.com
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