Billionaire Elon Musk said the Department of Government Efficiency needs to examine the Federal Reserve's spending amid its cost-cutting push across the federal government.

Elon Musk has trained his cost-cutting eye on the Federal Reserve, questioning the central bank’s ongoing $2.5 billion headquarters renovation and suggesting it may be a prime target for scrutiny by the so-called Department of Government Efficiency,

Elon Musk’s Department of Government Efficiency has been Donald Trump’s battering ram during the president’s first 100 days, slashing the federal government and trying to bend its remnants to Trump’s will.