Musk Criticizes Federal Reserve's Headquarters Renovation Costs

According to Odaily, Elon Musk has expressed concerns about potential waste in the Federal Reserve's renovation of its headquarters. Musk suggested deploying his U.S. government efficiency team to the Federal Reserve, questioning the $2.5 billion spent on interior designers. By 2022, the renovation costs had escalated to $2.5 billion, which the Federal Reserve attributed to rising construction material and labor costs since the project's inception in 2021, coinciding with the onset of inflation. Musk remarked, "This is quite surprising."