Trump says he will audit the Fed. He gets it, and he will.
Auditing the Fed is a red herring. The Fed is audited. Every penny is accounted for. The audits signed off by independent auditors Deloitte Touche are avaiable online.
The only thing that is not audited is the decision making process of the Board of Governors and the Open Market committee. But the Board tells the market after every meeting what they are thinking, so it’s no big deal. And the reason that process is not audited, is to keep it from being a political football.
I believe JFK wanted to audit the Fed, too.