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Rick Scott: “We got to get somebody independent in [the Federal Reserve].”

Featuring: Rick Scott, Republican | U.S. Senate, Florida

JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds

Published August 1, 2025 | Video Starts at 14:51

So I actually look forward to working with my colleague. So hopefully we get this done quickly. I mean, there's so many issues, as we all agreed at the Federal Reserve, that We got to get somebody independent in [the Federal Reserve]. there. And so we just have to come up with the right process where it's. It's not perceived to be political. So I know my colleague from Ohio and from Wyoming would like to say something. (14:51–14:54)

CLAIM

Asserts the need for an independent inspector general at the Federal Reserve.

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.

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Rick Scott

“Every other government agency has one [an independent Inspector General].”
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“In recent years, we have seen hundreds of allegations of voting members of the Federal Reserve engaging in shady, unethical investment…”
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“We're seeing billions in taxpayer dollars being spent to renovate the Federal Reserve headquarters in Washington D.C.”
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“The Fed is operating at a loss.”
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“The Federal Reserve's Inspector General is appointed by and reports to Jay Powell and the Fed Board.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 01:36-01:48
“The Federal Reserve has been wildly unaccountable for years under Jay Powell's leadership.”
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“Powell has also overseen regulatory failures and numerous reports of unethical practices among its own members.”
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“The malpractice and lack of transparency and accountability have seriously undermined confidence in our financial system.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 00:27-00:34
“We can work to address this and start repairing the broken trust of the American people today by passing my bill.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 00:33-00:40
“Establish an independent Senate confirmed inspector General at the Federal Reserve.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 00:40-00:46
“We've seen the collapse of Silicon Valley bank and others.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 01:19-01:23
“We need significant changes at the Federal Reserve to bring the transparency, accountability that the American people deserve.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 10:04-10:11
“I have several bills to address the failures of the Fed and bring accountability on behalf of the American people.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 10:10-10:16
“Today I ask my colleagues support my common sense bipartisan bill with my colleagues, Senator Warren, Senator Moreno, Senator Lummis, to…”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 10:15-10:28
“This bill is a great first step to fix the failures and restore trust in the Federal Reserve and ensure it works on behalf of the American…”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 10:32-10:38
“We just have to come up with the right process where it's not perceived to be political.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 14:53-14:57