GOP frontrunner, former President Donald Trump, supports exempting smaller banks from annual stress tests of their assets, as does Florida Governor Ron DeSantis, according to a recent Bloomberg analysis in the Washington Post. DeSantis has also pledged to oppose a central bank for digital currency, acting as a counterpart to physical US dollars.

Trump said he would not reappoint Federal Reserve Chair Jerome Powell, saying "I would not reappoint him. I thought he was always late, whether it was good or bad, but he was always late."

DeSantis believes that the Fed has gone too far in many instances. "We need to rein in the Federal Reserve. It is not designed or supposed to be an economic central planner," he said. "It is not supposed to be indulging in social justice or social engineering. It’s got one job: maintain stable prices.”

The report shows former U.N. Ambassador Nikki Haley opposed to how the Biden White House handled Silicon Valley Bank's collapse, and South Carolina Senator Tim Scott's proposal to address bank executive accountability. He would like to allow regulators to mandate that some executives at failed banks return some of their compensation, impose penalties and block them from going to work at other banks. Read the full story HERE.