Elon Musk hinted that they will also oversee the American Central Bank. Senior advisor to US President Donald Trump, Elon Musk, expressed the possibility of overseeing the Federal Reserve (Fed). Musk spoke at the Conservative Political Action Conference (CPAC) in 2025. Reiterating his statements regarding the audit of gold reserves stored in Fort Knox, Musk emphasized that the gold there belongs to the American people. When asked whether they are considering overseeing the Fed as well, Musk, who heads the Department of Government Efficiency (DOGE), answered, “Yes, of course.” Musk pointed out the prevalence of waste almost everywhere, explaining that billions of dollars could be saved by just putting a little effort into certain things.