WASHINGTON, D.C. – Today, following a meeting of the Federal Reserve’s Federal Open Market Committee (FOMC), Senator Rick Scott again called for new leadership at the Federal Reserve and reiterated Chair Jay Powell’s failures to represent Americans’ best interests, tackle the Fed’s massive balance sheet or provide the stability or accountability Americans want and expect. See more from Senator Rick Scott on Jay Powell’s failures in his recent Fox News op-ed: America can return to fiscal sanity with strong Federal Reserve leadership and Trump back in the White House.

Senator Rick Scott said, “Jay Powell proves time and time again that he is a failure at the Federal Reserve. During Jay Powell’s tenure as Chair, he has overseen a wildly unaccountable Federal Reserve with a balance sheet reaching an unprecedented $9 TRILLION. In 2022, the Fed finally heeded my call to reduce its balance sheet, but has since failed to reach a single self-imposed benchmark and continues to lower the bar. As of today, the Fed has missed its target by $600 BILLION. This adds to a long list of Chair Powell's failures, including, but not limited to, rubber-stamping Joe Biden’s inflationary policies while lying to the American people about inflation being ‘transitory,’ failing to provide price stability for the American people, grossly mismanaging the United States’ monetary policies, overseeing bank failures, refusing to hold employees accountable for those failures or allegations of insider trading, and losing $2 trillion on behalf of taxpayers. President Trump is shaking up the status quo in Washington, bringing accountability to government, and fixing the policies that have failed the American people for years. Now, it’s time to bring change to the Federal Reserve, starting with its leadership.”

MORE…

• February 18, 2025: Sens. Rick Scott, Elizabeth Warren Warn of “Culture of Corruption” at the Fed, Call for Stronger Ethics Enforcement
• February 5, 2025: IN CASE YOU MISSED IT… Sen. Rick Scott in Fox News: America can return to fiscal sanity with strong Federal Reserve leadership and Trump back in the White House
• August 22, 2024: Sen. Rick Scott Slams Federal Reserve Chair Powell’s Failures
• July 30, 2024: Sen. Rick Scott to Chair Powell: Fed’s Failure to Meet Balance Sheet Reduction Goals Shows Unacceptable Lack of Accountability
• June 11, 2024: Sens. Rick Scott & Elizabeth Warren Call New Federal Reserve Ethics Enforcement Policy “A Dismal Failure” in Bipartisan Letter
• March 20, 2024: Sen. Rick Scott: Powell’s Balance Sheet Failures Have Caused Massive Misallocation of Capital & Hurt American Families
• March 6, 2024: In Bipartisan Letter, Sens. Rick Scott & Elizabeth Warren Call Out Culture of Corruption in the Federal Reserve
• February 5, 2024: Sen. Rick Scott to Chair Powell: The American People Deserve Accountability for Fed Missing Targets & Fueling Inflation
• January 31, 2024: Sen. Rick Scott Demands Powell Pay Down the Fed’s Balance Sheet
• January 25, 2024: IN CASE YOU MISSED IT… Sen. Rick Scott Forces Fed to Change Bank Program, Stop Allowing Big Profits off Taxpayers
• January 18, 2024: Sen. Rick Scott to Jay Powell: Stop Lining Wall Street’s Pockets with Programs Meant to Help Americans
• January 5, 2024: IN CASE YOU MISSED IT… Sen. Rick Scott in Wall Street Journal: The Fed’s Radical Shift Lets Main Street Down
• December 12, 2023: Sen. Rick Scott Slams Fed Chair Jay Powell for Trillion-Dollar Loss, Disgraceful Leadership
• November 1, 2023: Sen. Rick Scott Urging Accountability From Powell Missing Goal of Reducing the Fed’s Balance Sheet
• October 27, 2023: Sen. Rick Scott Calls out Fed Chair Powell for Fiscal Policy Hypocrisy
• July 25, 2023: IN CASE YOU MISSED IT… Reuters: Sens. Rick Scott and Elizabeth Warren Seek Salary Information from Fed's Inspector General
• September 18, 2023: Sen. Rick Scott Pushes for Accountability from New Federal Reserve Appointees
• July 20, 2023: IN CASE YOU MISSED IT… Sen. Rick Scott in the Washington Examiner: Fed Chairman Jay Powell lost more than $1 trillion of your money. This is my proposal for real accountability
• January 31, 2023: Sen. Rick Scott to Fed Chair Powell: For the Best Interests of the American People, Pay Down Balance Sheet
• May 4, 2022: Sen. Rick Scott: Federal Reserve Continues to Fail Americans as Inflation Crisis Rages

• March 16, 2022: Sen. Rick Scott: Federal Reserve Failed to Address Swollen Balance Sheet, Hurting Our Poorest Families
• October 26, 2021: Sen. Rick Scott: Chair Powell Must Prove Federal Reserve is Independent & Working for American Families
• April 2, 2021: IN CASE YOU MISSED IT… Sen. Rick Scott in Washington Post: Where’s the anti-inflation plan, Mr. Powell?
• March 24, 2021: Sen. Rick Scott to Federal Reserve: What’s Your Plan to Address America’s Debt Crisis?
• March 17, 2021: Sen. Rick Scott: We’re Watching Federal Reserve & President Biden’s Response to Inflation

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