In a bold new step for DOGE, Elon Musk revealed that the mission to fight fraud, waste, and corruption in the federal government is now heading straight toward the Federal Reserve.
During a May 1, 2025, interview with Reagan Reese from The Daily Caller, Musk spoke openly about the early days of President Trump’s second term and DOGE’s evolving role in cleaning up government spending. He believes there’s still a lot of fraud hiding in plain sight—fraud that DOGE hasn’t uncovered yet.
Reflecting on his first 100 days with DOGE, Musk described the experience as “intense.” Since joining in January, he said his focus has been on understanding the inner workings of government. “I was genuinely trying to grasp the circumstances and develop a comprehensive understanding of the government as a whole,” he shared.
Musk explained that much of DOGE’s early work has involved conducting a deep dive into how the federal government spends money. “If you want to stop runaway spending,” he said, “you need to map out the system—understand where the money’s going and why.”
He emphasized that DOGE’s current priority is tackling the most obvious fraud cases. These are flagged and forwarded to the Department of Justice, which Musk said takes a few weeks to process the evidence.
But the work doesn’t stop there. Musk also believes there are more deeply rooted issues, including organized fraud rings within the government. “Fraud rings are indeed present,” he said. “But breaking them up is like going after the mafia.” The key, he explained, is getting someone lower in the chain to cooperate in exchange for a plea deal—leading investigators up the ladder.
What’s next for DOGE? Musk made it clear: they’re turning their attention to the Federal Reserve. “We’re talking about taxpayer dollars here,” he said. “If the Fed really is spending $2.5 billion on design alone, that’s something we’re absolutely going to look into.”
Wrapping up the interview, Musk praised the DOGE team, saying they’re made up of top-tier professionals who could easily land high-paying jobs in the private sector. “These are people who’ve already been there,” he said proudly.