re: Let's talk the Federal Reserve a little further

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On a limited basis. Check out 31 USC 714(b) for the operations of the Fed cannot be audited by law:

(b) Under regulations of the Comptroller General, the Comptroller General shall audit an agency, but may carry out an onsite examination of an open insured bank or bank holding company only if the appropriate agency has consented in writing. Audits of the Board and Federal reserve banks may not include—
(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
(3) transactions made under the direction of the Federal Open Market Committee; or
(4) a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.

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Do you think these matters (2, 3, and 4, in particular) should be audited? Don't they already release meeting minutes?

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and it's not an audit by the American government.

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So the General Accounting Office and the federal Office of Inspector General are not part of the "American government"??

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An internal report is not really an audit, is it? Unless you just take their word for it, I guess?

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To the Board of Governors of the Federal Reserve System and the Boards of Directors of the Federal Reserve Banks: We have audited the accompanying combined statements of condition of the Federal Reserve Banks (the "Reserve Banks") as of December 31, 2017 and 2016, and the related combined statements of operations and changes in capital for the years then ended. These combined financial statements are the responsibility of the Division of Reserve Bank Operations and Payment Systems' management. Our responsibility is to express an opinion on these combined financial statements based on our audits. We conducted our audits in accordance with the auditing standards of the Public Company Accounting Oversight Board (United States) and in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. As described in Note 3 to the combined financial statements, the Division of Reserve Bank Operations and Payment Systems has prepared these combined financial statements in conformity with the accounting principles established by the Board of Governors of the Federal Reserve System (the "Board"), as set forth in the Financial Accounting Manual for Federal Reserve Banks, which is a basis of accounting other than U.S. generally accepted accounting principles. In our opinion, the combined financial statements referred to above present fairly, in all material respects, the financial position of the Reserve Banks as of December 31, 2017 and 2016, and the results of its operations for the years then ended, on the basis of accounting described in Note 3.

- KPMG LLP

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^note that KPMG authored that

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No, I want the fed to cease existing. There is no reason for it to be.

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An internal report is not really an audit, is it? Unless you just take their word for it, I guess?

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You just established that you're clueless about what "audited financial statements" means.

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F150 costs $40k

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haven't visited a Ford dealership in a while, have ya?

No, you're right. It seems to be working like a charm, beneficial to everyone, everywhere, always, forever.

The fact that you scoff at anything that isn't adhering to the established system means you're hopeless. Go suck your masters, cuck.

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But as other posters have noted, we aren’t at 3% inflation. So why raise rates.

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the target is 2% yall

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No, you're right. It seems to be working like a charm, beneficial to everyone, everywhere, always, forever.

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Tell me what system, agency, religion or government would accomplish what you just said. Just one example.....

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The fact that you scoff at anything that isn't adhering to the established system means you're hopeless.

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Okay. Sure. Let's go with that. As opposed to you being completely ignorant about the history of the Fed, its stated purpose and its operations.

Just your whining that the Fed isn't "beneficial to everyone, everywhere, always, forever" tells me you're one of those perpetual victims who always blames others for his own failures.

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tells me you're one of those perpetual victims who always blames others for his own failures.

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Ah, that old shoe. I smell default programming.

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beneficial to everyone, everywhere, always, forever.
Tell me what

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That's sarcasm. Sorry you're too smart and informed to have picked that up.

Tell me why we'll all just die and stuff without your buddies, the Fed.

BTW, who does own the Fed? Were you ever going to tell us or were you trolling for some joo love?