Senator Tim Scott is fighting for hardworking American families against the out-of-touch Federal Reserve. The South Carolina Republican demanded that Fed Chair Jerome Powell finally cut interest rates that are crushing ordinary people. While families struggle to pay their bills, the Fed keeps rates high at 4.3 percent.
Scott appeared on Fox News to blast the Fed’s stubborn refusal to help Americans. He knows that high interest rates make it harder for people to buy homes, start businesses, and build wealth. The Fed is supposed to work for us, not against us.
But here’s the real outrage that will make your blood boil. The Federal Reserve is spending a whopping 2.5 billion dollars on fancy renovations to their headquarters. That’s right, while you’re cutting coupons and skipping vacations, these government bureaucrats are building themselves a palace.
The project is already 25 percent over budget, meaning hundreds of millions more in wasted taxpayer money. Scott discovered they’re even building a beautiful beehive garden as part of their luxury makeover. This is exactly the kind of government waste that drives conservatives crazy.
Scott, who chairs the Senate Banking Committee, is demanding answers about this spending spree. He sent a letter to Powell asking tough questions about where all this money is going. Finally, we have a conservative fighter willing to hold these bureaucrats accountable.
President Trump has also slammed the Fed’s expensive renovation project. Trump knows that government agencies should focus on doing their jobs, not building fancy offices. The Fed’s real job is controlling inflation and helping with employment, not playing interior decorator.
Scott is touring the construction site to see this waste firsthand. He wants basic renovations that help workers do their jobs, not opulent buildings that show off to Washington elites. This is about priorities, and the Fed has theirs completely backwards.
American families deserve leaders who fight for lower costs and better opportunities. Scott is standing up to the Federal Reserve’s arrogant spending while demanding they actually help the economy. It’s time for the Fed to stop wasting money and start working for regular Americans.
