I THINK I FIXED IT. It turns out, all I needed to do was move the USB cable to a USB 3.0 port on my PC. At first it was connected to USB 2.0 port.
This issue has jet to be fixed by oculus.
The only thing that you can do right now is to either RMA the oculus rift s or wait for a firmware update.
All the other methods are unreliable
As it's not a permanent solution.
I am personally waiting for a firmware update to fix the problem but this will probably take another month.
In the meantime I hope some of you find a temporary solution for your oculus rift.