If the Fed Can’t Manage Its Own House, Why Should It Run the Economy?

Lavish renovations, massive losses, and a $6.7 trillion balance sheet—it’s time for accountability, transparency, and a serious rethink of the Federal Reserve’s role.

Hello friends!

The Fed has been in the news again, but not for the reasons it should be. You’d think the central bank would focus on stabilizing prices and supporting sound money. Instead, we’re learning more about its $2.5 billion, over-the-top D.C. headquarters renovation featuring rooftop gardens, marble hallways, and special elevators. All this while the Fed racks up historic losses, mismanages inflation, and still hasn’t cleaned up its bloated balance sheet.

Below, I walk through what this says about our central bank’s priorities—and why Congress should finally take steps toward auditing and reining in the Fed. Hope you’ll read, share, and let me know your thoughts.