Rick Scott: “The Fed is operating at a loss.”

“We've seen a complete mismanagement of the Fed's policies while a culture of corruption has thrived at the Fed. And we're seeing billions in taxpayer dollars being spent to renovate the Federal Reserve headquarters in Washington D.C. all while The Fed is operating at a loss. You might wonder, as I do, why no one gets fired or is held accountable and why no changes have been made is because Jay Powell is chair and the Federal Reserve's Inspector General is appointed by and reports to.” (01:34–01:36)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.