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Not enough adding paper in the world to do it.....Donald J. Trump on Twitter
Oh my...he gets better and better....nationalistic,For American workers,Strong leader,very independent
Trump: Proposing a silly policy.
It's already audited.Trump: Proposing a silly policy.
Why would it be silly to audit the Federal Reserve?
Yes, the Board of Governors, the 12 Federal Reserve Banks, and the Federal Reserve System as a whole are all subject to several levels of audit and review:
In addition, the Reserve Banks are subject to annual examination by the Board. The Board's financial statements and the combined financial statements for the Reserve Banks are published in the Board's Annual Report.
- The Government Accountability Office (GAO) conducts numerous reviews of Federal Reserve activities.
- The Board's financial statements, and its compliance with laws and regulations affecting those statements, are audited annually by an outside auditor retained by the Office of Inspector General (OIG).
- The Board's OIG audits and investigates Board programs and operations as well as those Board functions delegated to the Reserve Banks. Completed and active GAO reviews and completed OIG audits, reviews, and assessments are listed in the Board's Annual Report. (Before 2002, the reviews were listed in the Board'sAnnual Report: Budget Review.)
- The financial statements of the Reserve Banks are also audited annually by an independent outside auditor.
- Each week, the Federal Reserve publishes its balance sheet and charts of recent balance sheet trends, as well as provides an interactive guide to the Fed's balance sheet. The balance sheet is included in the Federal Reserve's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks."
See our audit page for more information on all of the above audits and more information on the accounting, financial reporting, and internal controls of the Federal Reserve Board and Federal Reserve Banks.
It's already audited.
I don't agree with monetary policy over fiscal policy, but the fed is not some shady organization that is going to kill us all. The fed is essentially a part of the us government.It's already audited.
What Rand, Bernie and Donald are proposing is not a financial audit. They're talking about a much broader look at how the Fed makes monetary policy and what it is doing with foreign banks. Such matters, which would be routine at any other bank, are off-limits to the Fed’s auditors as a matter of law passed in the 1970s.
I don't agree with monetary policy over fiscal policy, but the fed is not some shady organization that is going to kill us all.
It's more silly political stuff. Do you really want congress auditing the fed? I certainly don't, congress members are the same people who hate deficits regardless of the situation we're in.I don't agree with monetary policy over fiscal policy, but the fed is not some shady organization that is going to kill us all.
Then an audit shouldn't be a problem.
Sanders is just as guilty.Why am I not surprised that Trump wants to politicize monetary policy?
He really knows his audience.
It's more silly political stuff. Do you really want congress auditing the fed? I certainly don't, congress members are the same people who hate deficits regardless of the situation we're in.
It's not above scrutiny.It's more silly political stuff. Do you really want congress auditing the fed? I certainly don't, congress members are the same people who hate deficits regardless of the situation we're in.
Do you really believe the Federal Reserve should be above scrutiny? That's insane.
It's not above scrutiny.
As they should be.It's not above scrutiny.
According to the law some of its actions are indeed above scrutiny.
As they should be.
You do know what the fed does, right?As they should be.
Why should they be?
You do know what the fed does, right?
