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Elon Musk thinking of auditing US Federal Reserve calling for ‘greater scrutiny’

  • Elon Musk stated he is thinking of auditing the US Federal Reserve and called for greater scrutiny of the central bank during the Conservative Political Action Conference in Maryland.
  • Musk's Department of Government Efficiency has led to significant job cuts in federal agencies since Donald Trump began his second term.
  • The US Internal Revenue Service announced over 6,000 layoffs, effectively reducing its workforce by roughly 6% during tax-filing season.
  • The layoffs are part of a plan aiming to reduce the budget by at least $1 trillion.
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The Globe & Mail broke the news in Canada on Thursday, February 20, 2025.
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