Rick Scott Says Congress, Not The Fed Or Trump, Is To Blame For Inflation And High Interest Rates

Sen. Rick Scott (R-Fla.) said that persistent federal deficits and the nation's growing debt burden, not the Federal Reserve, Kevin Warsh, or President Donald Trump, are responsible for current economic pressures.

Scott Points To Debt and Deficits

On Tuesday, the Florida Republican posted on X, writing, "The problem behind inflation and interest rates isn't Kevin Warsh or the President — it's CONGRESS."

"Our country is $39 trillion dollars in debt," he added. "It's time to STOP SPENDING MONEY WE DON'T HAVE."

During a CNBC interview discussing the outlook for interest rates and whether Warsh could oversee potential rate cuts in the future, Scott shifted the focus away from monetary policy and toward federal spending.