Time to end the FED?

This is an incredible number to know:

2022 Budget for the Federal Reserve (numbers in millions of $'s)

It costs us, the taxpayers,  $6.246 billion to fund the FED. It is also a mind-boggling number that the Fed employs 24,447 people with almost 400 PhDs working for it. With this kind of money and the top talents, it is not unreasonable to expect the Fed should meet its two mandates:

• Conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices

• Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets

Well, in reality, we were told that inflation was "transitory" while the Fed did nothing about it last year. And yet, here we are, implementing monetary policy that is destabilizing markets. And price volatility is out of control. To state the obvious, this is exactly the opposite of the Fed's stated goals. How did nearly 400 PhDs, the Board of Governors, and 11 Reserve Bank Presidents get it so wrong? This colossal mistake has come at not only the detriment of U.S. taxpayers, but also to the world – given the reserve currency status of the U.S. dollar. Maybe it really is time to end the Fed? After all, it seems the Fed is always behind the curve. So why does it need to exist?!