The statement is False.
Step-by-step explanation:
In 1792, Thomas Jefferson along with James Madison formed the Republican Party, a political party in America which stands against the new policies of the Federalist Party controlled by Hamilton, who was the chief architect in the administration by George Washington.
Alexander Hamilton, the Secretary of Treasury governed the Federalists wanted a powerful central government, whereas the Anti-Federalists, under the State Secretary Thomas Jefferson, insisted more on rights of the state instead of strong central power.