It is time for Congress to rein in and audit the Federal Reserve as it continues to undermine the U.S. dollar and usurp new powers, explained U.S. Congressman Warren Davidson in an exclusive interview with The Liberty Sentinel’s Alex Newman for The New American magazine.
“We definitely can’t trust the Fed to police itself,” Congressman Warren Davidson said, underscoring his push for accountability and reform within the Federal Reserve. Davidson, who represents Ohio’s Eighth District, has spearheaded several legislative efforts targeting the central bank, vaccine liability protections, and runaway government spending.
In a wide-ranging discussion, he raised concerns about the Federal Reserve’s expanded powers, the durability of the U.S. dollar, and what he sees as systemic failures in oversight and accountability that demand immediate attention.
Challenging the Federal Reserve
Davidson is advancing multiple bills aimed at the Federal Reserve, including the Prohibition on IOER Act of 2025. He argued that before 2007, “the Federal Reserve wasn’t allowed to pay banks direct interest,” but today banks are simply parking money at the Fed and reaping gains without deploying capital into the market. “That’s why it’s so important because banks essentially are incentivized not to deploy capital into the market,” he said, pointing to the growth of non-bank lenders as a direct result.
Another measure, which Davidson, who created the Sound Money Caucus, cosponsored, would audit the Federal Reserve. “The Federal Reserve should have clear accountability,” he explained, emphasizing that the balance sheet swelled from under $1 trillion before the 2008 crisis to over $9 trillion in recent years. “What exactly do they hold? How do they hold it? What kinds of things are they doing with it?” he asked, adding that the Fed “may not be fixable in the first place, but the audit should occur.”
The congressman also criticized the Fed’s politicization, saying, “If you completely take away that power, there’s nothing for them to politicize.” Davidson continued, “The US dollar is the world’s reserve currency. All they have to do is not mess it up.”
He warned, “If you close the planet’s economy and then your response is just to print money, you’re gonna cause inflation. You’re debasing the currency, devaluing it.” The result, he argued, is “a crisis” in housing affordability and daily costs. “Inflation is maybe the most dishonest tax, and that’s what’s happened when you’re destroying the money,” he said.
Election Integrity and Representation
Turning to election policy, Davidson explained the necessity of cleaning up the U.S. census to ensure that only American citizens are counted, not illegal aliens.
“I only represent US citizens,” he noted, insisting that including non-citizens in census counts undermines fair representation. “You can’t really have an honest census, an honest election if you don’t have an honest census,” he argued, warning that states with large non-citizen populations gain disproportionate representation.
Congressman Davidson has co-sponsored the Making American Elections Great Again Act (H.R.4798), which would “modify the timing of each decennial census of population, to count only citizens under any such census, to apportion Representatives in Congress among the several States based on such census…”
This must be handled before the 2026 midterm elections, he concluded.
Vaccine Liability and Public Health
Congressman Davidson is also challenging the legal shield protecting vaccine manufacturers. Speaking to Congress’ End the Vaccine Carve Out Act and the PREP Repeal Act, he said, “This is a crazy loophole that I didn’t realize existed for vaccine makers.” He criticized how mandates were implemented, calling it “abhorrent” that people were “really under duress at losing their livelihood.” He emphasized, “The idea that we’re gonna lift that for a vaccine seems crazy to me.”
Government Spending Battles
Davidson has also been outspoken in budget negotiations. He initially opposed President Trump’s “Big, Beautiful Bill” before changes were made, explaining, “We’re not getting after the deficit problem with the ‘Big, Beautiful Bill.’” While acknowledging some conservative wins, he warned that reckless spending persists. “At the end of the day, I voted for it. I think it’s at least the ‘Big, Attractive Bill.’ We should certainly do more to get our out-of-control spending reined in.”
On projections about entitlement cuts, he cautioned against relying on unrealistic models. “We would barely cut NPR, let alone cut Social Security,” he remarked, stressing the dishonesty of assuming Congress would enact such reductions.
Davidson also introduced the Trump Derangement Syndrome Research Act, urging NIH to investigate extreme emotional reactions to the former president. “People don’t think rationally about Donald Trump,” he said, describing it as “a completely irrational reaction” that fosters division within families and society.
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Author: Liberty Sentinel Staff
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