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Under the leadership Federal Reserve President Jay Powell, the Central Bank of the United States, has repeatedly failed his goal to enhance the strong US economy at stable and maximum prices that provide financial opportunity for American families. These failures, which have never been accountable, caused disastrous damage to the livelihoods of millions of American families and companies, and demanded an immediate change in driving.
Work with the previous one President BidenPresident Powell led a federal reserve that failed to act independently for the interest of the American people, and instead he chose policies to satisfy the elite in Washington, Wall Street and left -wing international organizations. His failed policies destroyed the diligent and retired families through high inflation, who insisted that he was just a “passing”, which was fueled by the reckless Biden administration spending that added more than 8 trillion dollars to the national debt in four years.
Powell's inability to maintain the stable prices of huge mutations in interest Prices, did nothing to fix the job market that bleeds full -time jobs and forced millions of Americans to work in multiple part -time jobs just to meet their needs. The Federal Reserve Powell has drafted a significant American monetary policy and has grown its public budget to $ 6.8 trillion.
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The Federal Reserve also supervised the huge banking banks' failures, such as the collapse of the Silicon Valley Bank (SVB), without zero accountability. Although he is responsible for supervising SVB, no person has been launched in the federal reserve or will be separated from ever. See only the results of the Vice President to oversee the Michael Bar 2023 report, which showed the extent of the management of the federal reserve under his leadership! Fortunately, Vice Vice President Bar will step early from his supervision role, which strongly needs a new leadership. As a member of the United States of Senate, I look forward to supporting a candidate with a real vision to reform Federal Reserve It will be enhanced by a useful accountability and the transparency of its actions.
This is why all this is important. while chair Powell and his leadership team may not feel the daily effects of their failures, as families, like my origin, are forced to deal with their consequences every day. I grew up in public housing and my mother took strange jobs to cover her expenses and put food on the table. We did not have much, but my mother has always told us that if we worked hard, we can live the American dream. While this was true at the time, and I had the opportunity to live in my American dream, today parents are hesitant to make the same promise to their children.
I speak with Floridian who cannot bear a real estate mortgage because of the high interest rates. They work more than 40 hours a week, but they still depend on the banks of food for dinner, and do not understand the reason for their federal government to lead policies over the past four years that increase things for them. This is unacceptable and I know that I am not the only one here in Washington who hears these sudden stories. Now, those who have the ability to reflect these failures in behavior.
I think that with the presence of Republicans responsible for Congress and President Trump at the White House, we are at dawn a new day for the American greatness that will enter into the golden age of America. At the top of our list to make America great again and make Washington work for American families it must be bold to force the Federal Reserve to correct the cycle and help American families. But this will only happen with a new leadership that focuses on restoring confidence and accountability at the Federal Reserve. It is time to clean the house of everyone working in the federal reserve who are not on board with the help of the American people and fighting for their best interests.
After a terrible four years of Joe Biden's economic policies, with the support of the Federal Reserve, the Americans need to change. With a new and strong leadership in the Federal Reserve and President Trump at the White House, we can restore America on the path of the financial mind of future generations.
