They're material from a policy point of view but not financially or operationally. We know where every penny comes from and where it goes.
These aren't the kinds of things audits examine, and we don't demand to see the internal deliberations of the SCOTUS or transcripts of all the meetings that take place in Trump's, McConnell's or Pelosi's offices.
This is purely to eliminate the independence of the Fed and put monetary policy directly into the hands of politicians.
Politicians aren't economists and generally know nothing about central banking. What they do know is how to use government spending and policy to buy votes.
If people want to be honest and have a discussion about eliminating the Fed's independence, fine, but as long as they hide behind the "audit" canard I'll call them crackpots.
> This is purely to eliminate the independence of the Fed and put monetary policy directly into the hands of politicians.
That is exactly the point. If the Fed is not a public office, it has no business playing the role in our monetary system that it does.
> These aren’t the kinds of things audits examine, and we don’t demand to see the internal deliberations of the SCOTUS or transcripts of all the meetings that take place in Trump’s, McConnell’s or Pelosi’s offices.
The Fed, unlike anything you mention here, is NOT a Constitutional office, it does NOT have Constitutional immunities. It is an organization allegedly dedicated to a public service.
Your instinct was spot on, though; for the privileges claimed by the Fed, enshrinement in the Constitution and no less is required. Yet such enshrinement has not occurred and will not occur. So it owes the public a full accounting of everything, not merely the parts it wishes to have public.