Explainer

Is the Federal Reserve Headed for a Showdown With DOGE?

Elon Musk, Jerome PowellPhotographer: Al Drago, Jamie Kelter Davis/Bloomberg

Elon Musk has his sights set on the Federal Reserve, suggesting that his government-efficiency team should examine the nation’s central bank.

Musk, speaking to reporters April 30, pointed to the Fed’s renovation of its headquarters in Washington as a potential point of inquiry for the Department of Government Efficiency, or DOGE.