Explore how the Federal Reserve's policies, excess reserves, and economic shifts impact inflation risks and financial stability.

Elon Musk on Thursday offered hints about the work to come, including auditing the Federal Reserve, as his Department of Government Efficiency bulldozes through federal agencies in its effort to identify and implement budget and staffing cuts under authority from President Trump.

Elon Musk is keen on auditing the Federal Reserve, the independent agency that makes critical decisions on interest rates that reverberate throughout the US economy. Musk, the world’s richest man who is also overseeing a mass restructuring of the federal government,