Musk Questions Fed Headquarters Renovation Costs

Elon Musk has criticized the Federal Reserve’s significant spending on renovations to its headquarters, questioning the use of $2.5 billion allocated towards interior design elements. The Tesla CEO suggested utilizing his team of government efficiency specialists to review the project and determine potential cost-saving measures. The Federal Reserve’s renovation expenditures have increased to $2.5 billion since 2021, a period marked by inflationary pressures, which impacted construction materials and labor costs. Musk expressed surprise at these escalating figures.