Federal Reserve
US Senators Rick Scott (R-FL) and Elizabeth Warren (D-MA) are pushing back against the Federal Reserve’s recently published enforcement policy for rules on illicit trading by Federal Reserve Bank officials. The Fed has been conducting a years-long review of its rules after various top Fed officials were forced to resign due to questionable trading practices. […]
The Federal Reserve seems to continually demonstrate why Senator Rick Scott (R-FL) urges its reform. He and Senator Elizabeth Warren (D-MA) joined forces once more in a letter demanding better accountability practices from the Inspector General after reports indicated conflicts of interest are not adequately addressed and officials are let off easy for corruption. Specifically, Sen. Scott […]
US Senators Rick Scott (R-FL), Ted Cruz (R-TX) and others have filed legislation that would prohibit the national government from issuing a central bank digital currency (CBDC). CBDC is a form of digital cash that can be tracked and regulated in real-time by a centralized regulatory authority. In September of 2022, President Joe Biden announced […]
Conservative lawmakers have rung in the new year by emphasizing the holidays' financial toll on Americans and the expected continuation of rising costs in 2024. A study by the Joint Economic Committee (JEC) Republicans recently published reveals an average increase of $10 thousand dollars per US household in inflationary costs. According to the report, Floridians […]
The Federal Reserve, or simply the Fed, plays a significant role in the American economy and thus has partial responsibility for the current economic downturn. As a result, Senator Rick Scott (R-FL) is renewing calls for Chair Jerome "Jay" Powell to resign his post, saying his "failed leadership" of a Federal Reserve that "has grossly […]
The Federal Reserve has confirmed three new members to its Board of Governors: Lisa Cook, Ariana Kugler, and Philip Jefferson, appointed in January by President Biden. Senator Rick Scott (R-FL) has written letters to each of the new Board members congratulating them on the posts. More importantly, inquiring if they are willing to act transparently and accountably. "I am […]
Many Americans continue to struggle under President Biden's economy. Senator Rick Scott (R-FL) has blamed Federal Reserve Chairman Jerome "Jay" Powell, arguing that "His gross mismanagement of the Federal Reserve has stolen the American Dream from millions of families and caused massive damage to our economy." The demand came shortly after Powell spoke at an […]
While the United States reels from the recent FBI raid on Mar-a-Lago and allegations of corruption in the Dept. of Justice, China continues to be a threat. On Monday, Sen. Rick Scott (R-FL) wrote a letter to Senate Homeland Security and Government Affairs Committee chair Gary Peters (D-MI) requesting a hearing with Federal Reserve Board […]