The correct statement is:
Alexander Hamilton believed in a loose interpretation, while Thomas Jefferson believed in a strict interpretation.
Hamilton supported a broad interpretation of the Constitution, allowing for implied powers that would enable the federal government to take actions not explicitly outlined in the document. Jefferson, on the other hand, advocated for a strict interpretation, arguing that the federal government should only exercise powers specifically granted to it by the Constitution. This fundamental difference in constitutional interpretation was a significant factor in the development of the early American political landscape.