[sergeantdave]

“The Fed is audited every year by an outside firm. No big deal.”

How do we know that the “outside” auditor is not bought and paid for by the Fed? The “outside” auditor needs to be investigated and audited by an “outside” investigator, yes?

We have reason to be concerned that the Fed is inflating away middle class wealth.

[semimojo]

How do we know that the “outside” auditor is not bought and paid for by the Fed?

They have an independent Inspector General just like every other federal agency.

Given that they don't use the same auditor every year there would have to be a whole lot of people in on the buy-off conspiracy.

We have reason to be concerned that the Fed is inflating away middle class wealth.

Well, then you should be pissed at Trump because he's basically telling them, "screw inflation, keep rates low".

Either way, an audit's only going to tell you that they followed their procedures and that the numbers balance. It won't speak to policy.