If you understood the federal Reserve you would know that it is just an arm of the illuminati who control the money system of the world. The Rothschilds made a statement years ago that 'if they have control over a country's money supply they would not care what the laws of that nation are'. Essentially Rothschild said they control any nation of which they control the money. The Federal Reserve/Rothschilds CONTROL america. There is no way of regaining control, there are no elected officials who will do anything about this and at best things will only get worst as they pull a nation to its death by trying to wring every last dime out of it. Ron Paul...the illuminati member he is WILL NOT DO ANYTHING ABOUT THE FEDERAL RESERVE EXCEPT RUN HIS MOUTH TO PACIFY THOSE WHO THINK HE REALLY IS CONCERNED ABOUT THEIR CONCERNS. RP is a puppet like the rest of congress and can do or say nothing to stop the madness.
Nonetheless to answer your questions...THE FEDERAL RESERVE HAS ULTIMATE POWER AND IS UN-AUDITABLE BY ANYONE!!!