Musk: 'Waste is pretty much everywhere'published at 22:37 Greenwich Mean Time 20 February
Rachel Looker
Reporting from CPAC in Maryland
This conversation with Musk is bouncing around between a variety of topics.
When asked if he is thinking about auditing the Federal Reserve, the country's independent central bank, he responds: "Yeah, sure."
"Waste is pretty much everywhere," Musk says, when discussing where to cut spending in Washington, DC.
The room is full of audience members clapping and cheering as Musk talks. Many are taking photos and videos with their phones.
For background: The Federal Reserve was established a century ago, and while its officials are nominated by the President and confirmed by the Senate and it reports regularly to Congress, it was designed to be independent to shield it from political pressure. In his first term, Trump often took issue with Chairman Jerome Powell and pushed the Fed through the media for negative interest rates.