Ah. So you're now going to resort to personal attacks on my field of study and myself in order to push your false claim.
The Fed is probably one of the most scrutinized agencies in the US and they are under audit from themselves, from the GAO, and from third party auditors.
But I'm going to entertain your line of thinking for a moment. What do you think is going to be found in 'full audit of the fed'? What do you think they're hiding?
If 'audit the fed' means that you want Congress/ The President to have more control over the fed -- then okay, that's at least something that has a lot more substance then 'audit the fed'
I didn't make a personal attack. I said you should be embarrassed to be so uninformed. That is an observation of your lack of knowledge on a subject that is directly within your field of study, and rightly should be a source of shame. It is not an attack on your character.
As I already explained the time for the fed audit to be useful has long since passed, but the fact is they are putting the USA into massive amounts of debt by propping up other nations/banks/currencies, that is one major thing that would be exposed. I am not even advocating for an audit, I am simply pointing out it is really not happening and the fraud happening in the darkness is of globally historic proportions.
What do you mean the time for the Fed to be useful has passed? The fed ensures that we have stable financial markets.
It's already audited and it's not about honesty. It's about throwing red meat to Fed conspiracy theorists on the far right and far left.
Why should a branch of government that runs up debt and couldn't pass a budget for years be allowed to politicize and/or control the money supply? That's a recipe for disaster.
The statement from their most recent meeting is available. So are the minutes. The Fed holds a press conference after every meeting.
Full transcripts of their past meetings are available.
Their balance sheet is available. Their audited financial statements are available.
Their short-term projections of economic variables are available.
Their statement on medium-term strategy is available.
Their statement on longer-term strategy is available.
Even some of their internal forecasting models are available.
The Fed chair meets with Congress twice per year and Fed officials provide official remarks from time to time. Senior Fed officials openly discuss policy options in speeches.
Virtually none of that information was public just twenty years ago.
What else do you desire?
