Sen. Rick Scott Issues Weekly Update on Biden’s Inflation Crisis
November 10, 2023
WASHINGTON, D.C. – Today, Senator Rick Scott released a weekly update on his actions to address America’s debt crisis and rising inflation. Recently, ahead of the Federal Open Market Committee meeting, Senator Scott sent a letter to Chair of the Federal Reserve Jerome Powell urging accountability regarding his failure to meet his target of reducing the Fed’s balance sheet. Earlier this year, Senator Scott sent a similar letter to Chair Powell, but has not yet received a response. Senator Scott has been adamant about holding the Fed accountable to their goals of reducing the balance sheet since his election to the Senate. Unfortunately, inflation continues to skyrocket and meanwhile, the Fed has made nearly zero progress. Read the full letter HERE and watch more from Squawk Box HERE or below.
Since being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America’s debt crisis and the harmful effects of inflation. Click HERE for a comprehensive list of his statements and actions on this urgent issue and HERE for Senator Scott’s Quarterly Economic Snapshot.
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