Under the leadership of Fed Chairman Jay Powell, the U.S. central banks have repeatedly failed to promote financial opportunities for American families with stable prices and the highest employment opportunities through stable prices. Chairman Powell’s failure to zero responsibility has caused catastrophic damage to the livelihoods of millions of American families and businesses and demanded immediate leadership change.

Powell, working with former President Biden, led the Fed that failed to act in the best interests of the American people, chose policies to appease Washington elites, Wall Street and left-leaning international organizations. His failed policies destroyed hard-working families and retirees, inflation soared, and he insisted it was only "temporary" and that the Biden administration's reckless spending increased by more than $8 trillion in four years state debt.

Powell was unable to keep prices stable and forced interest rates to rise in a massive amount and did nothing to address a job market that was bleeding full-time jobs and forced millions of Americans to work multiple part-time jobs just to make ends meet . Powell's Fed severely manages U.S. monetary policy and grows its balance sheet to an unsustainable $6.8 trillion.

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The Fed also oversees the massive banking failures of Powell’s watches, such as the 2023 Silicon Valley Bank (SVB) crash, with zero accountability. Despite the oversight of SVB, no one in the Fed was fired. Just look at the findings of Michael Barr’s 2023 report Vice Chairman’s findings that the Fed is under his leadership! Thankfully, Vice Chairman Barr will resign from his supervisory position, which is very necessary for new leadership. As a U.S. Senator, I look forward to supporting a candidate with a real vision to reform the Fed and meaningfully increase accountability and transparency in its actions.

That's why all of this matters. While Chairman Powell and his leadership team may not feel the daily impact of failure, families like my growth are forced to work hard on their consequences every day. I grew up in public housing, and my mom worked odd jobs to make ends meet and kept food on the table. We don’t have much, but my mom always tells us that if we work hard we can achieve the American dream. That was true then, I had the opportunity to realize my American dream, and today’s parents hesitate to make the same promise to their children.

I talk to Floridians who can’t afford a mortgage because of high interest rates. They work over 40 hours a week but still rely on food banks for dinner, and they don't understand why their federal government has been pushing for policy for the past four years, which makes their situation worse. It's unacceptable, and I know I'm not the only one in Washington to hear these heartbreaking stories. Now, those who have the right to reverse these failed actions are responsible.

I believe that when Republicans serve as Congress and President Trump in the White House, we are on a new day of great American days, which will usher in the golden age of America. On our list, making America great again, making Washington must make bold moves for American families, which forces the Fed to correct and help American families. But this is only a new leadership that can restore the Fed's trust and accountability. It's time to clean up the houses of all the people who work at the Fed, who are not helping the American people and fighting for their best interests.

After four years of terrible Joe Biden's economic policy, supported by the seriously bad Fed, Americans need to change. As the Federal Reserve and President Trump return to the new leadership of the White House, we can regain the path of fiscal sanity for future generations.