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Posted on 05/02/2025 1:48:13 PM PDT by bitt
Elon Musk said DOGE “should definitely” investigate after The Post’s exposé of the Fed’s $2.5 billion revamp of its Washington, DC, headquarters — a lavish project that the Tesla titan called an “eyebrow raiser.”
The Post exclusively reported earlier this week how the Fed’s top brass were pushing ahead with the pricey renovations despite mounting losses on its balance sheet, catching the eye of President Trump’s austerity axman-in-chief.
“Since at the end of the day, this is all taxpayer money, I think we certainly — we should definitely — look to see if indeed the Federal Reserve is spending two and a half billion dollars on their interior designer,” Musk told reporters at the White House late on Wednesday.
“That’s an eyebrow raiser,” he added.
The Post has approached DOGE and the White House for comment. A Federal Reserve spokesperson declined to comment.
Critics have compared the vanity project to the French monarchy’s Palace of Versailles, which has been hit by spiraling costs that are now effectively being paid by American taxpayers.
Central bank officials have long blamed the growing costs on a spike in the price of building materials and labor since the project started in 2021 amid rampant inflation under the administration of President Joe Biden.
Their initial estimate stood at $1.9 billion, with the work finally set to be completed in 2027. By comparison, JP Morgan is spending an estimated $3 billion on its new Park Avenue HQ in Midtown Manhattan.
(Excerpt) Read more at nypost.com ...
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p
When I was 18 I drove Ron Paul around to his campaign events, I can still remember our conversations about the Federal Reserve. He was right then and he is right now.
Sell it immediately. Fire the enablers.
The question is how many workers are at the office? Are a large number working from home? Why spend the money for a few? Ok, ok, it’s government….
This would be a good door to open to start probing deeper into the Fed’s secretive operations.
HOORAY Elon DOGE individuals. Thank you! Y’all deserve the Presidential Medal of Freedom.
Excellent!
If they always claim this is a private corporation/entity then why are taxpayers paying for this?
A Billion her, a Billion there, pretty soon it adds up to Trillions I national debt.
This SCAM started a looonnng time ago!
AND THIS TIME, THOSE "CHICKENS" THAT WERE SUPPOSED TO COME HOME TO ROOST? THEY'RE BUZZARDS!! BIG ONES!!!
PAPER DEBT MONEY PART 1 of 2:
https://youtu.be/hpxc80iFRvA?si=McVsTSPqCyVJgGHq
PAPER DEBT MONEY PART 2 of 2
https://youtu.be/nUdQd0CoyB8?si=ev66YSBYrugfJ0Nl
/extreme sarcasm
Bump
Federal Reserve Board meeting.
The Federal Open Market Committee (FOMC), which sets monetary policy, holds eight regularly scheduled meetings per year. The Board of Governors of the Federal Reserve also meets regularly, typically every other Monday. Elaboration: The FOMC, responsible for determining the direction of monetary policy, meets eight times a year, with each meeting lasting two days. These meetings are typically held in Washington, D.C., but can also be conducted via teleconference if needed.
The Board of Governors, which oversees the Federal Reserve System, holds meetings regularly, usually on alternate Mondays. The FOMC releases its policy decisions at the end of each two-day meeting, usually at 2:00 PM Eastern time. The Fed chair then holds a press conference at 2:30 PM to explain the decision. .
Summary of Economic Projections (SEP): Some FOMC meetings feature a SEP, which provides a "summary of the committee's economic forecasts." The minutes of the FOMC meetings are released three weeks after the policy decision.
Sniff...I’m SO ASHAMED...!
Remember back years ago, one of the reasons to have lunch at the Fed was because they had cloth napkins in its cafeteria. A person really felt special eating in the Fed’s cafeteria. No other govt cafeterias had cloth napkins. They had one heck of a high laundry bill courtesy of the US taxpayers.
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