Skip to playerSkip to main content
Forbes Breaking News
  • 6 months ago
During a press gaggle on Friday, Office of Management and Budget Director Russel Vought spoke about Fed Chair Jerome Powell.

Category

🗞
News
Transcript
00:00Because I think the question is immaterial.
00:07The president has a policy view with regard to we need lower rates.
00:10He has a policy view with regard to the fact that Jerome Powell has been late
00:15repeatedly.
00:17The Fed has been mismanaged.
00:19You look at the fact that they have been taking deficits since 2023 for
00:24the first time since 1916.
00:27And then you look and you have this incredible spectacle on the nation's
00:32mall of largesse that we can't afford as a country.
00:36People will be offended if they came and they're going around checking out all
00:40the monuments and they see what is occurring.
00:43Then they go behind the Eccles building and they see the Martin building,
00:47which is complete.
00:47And I go there often in my duties as CFPB director.
00:51And you see the extent to which it is massive.
00:57There's fine artwork everywhere.
01:00And it is offensive to taxpayers.
01:03And we're not getting remittances from the Fed ever since 2023.
01:07And that's hurting our deficit.
01:09That's creating a situation where we have higher interest costs as a country.
01:15And it's just a series of mismanagement.
01:17So I know you guys want to make it more about a metaphysical question about the
01:20independence of the Fed.
01:22This is about the extent to which this building,
01:25this renovation project is horrifying from a cost perspective.
01:30And our administration, both OMB, the National Capital Planning Commission,
01:35which now has three new commissioners, and as of yesterday,
01:38is going to be asking, it is asking very, very tough questions.
01:41Why don't you say Cantonese is watchingполож or sociology?
01:56Which is wonderful.
01:57How did you do this?
01:59How did you make it happen?
02:00How did you do it?
02:01Are you perversewy or wherever you're in a business?
02:02What about financial嘉 Henley's mission?
02:04Who's aaver motivated man in Einsatzes.
02:05How do you do it?
02:06How did I say Mill800 actually that button?
Be the first to comment
Add your comment

Recommended

Russell Vought Says Trump Is 'Offended' Over Jerome Powell's Renovations To The Federal Reserve
Forbes Breaking News
6 months ago
Reporter Asks Russell Vought: 'Do You Have Evidence Of Fed Chair Jerome Powell Overseeing Fraud?'
Forbes Breaking News
6 months ago
Reporter Presses Russell Vought On 'Discrepancy' Between Trump And Powell Over Cost Of Fed Renovations
Forbes Breaking News
6 months ago
'We Will Be Asking Tough Questions': Russell Vought Laces Into Jerome Powell Over Fed Renovations
Forbes Breaking News
6 months ago
White House Claims Federal Reserve Renovations Are 'Ostentatious' In Latest Jerome Powell Attack
Forbes Breaking News
6 months ago
Fed Chair Powell Delivers Remarks As DOJ Probes Renovations To Federal Reserve Building
Forbes Breaking News
6 months ago
Powell Defends Fed HQ Costs Amid Trump Pressure
Benzinga
6 months ago
'It's Like Talking To A Wall': Trump Knocks Fed Chair Jerome Powell For Not Cutting Rates
Forbes Breaking News
8 months ago
Reporters Grill OMB Director Russell Vought Over Trump's Allegations Of Fraud At The Federal Reserve
Forbes Breaking News
6 months ago
Trump & Jerome Powell Have Public Disagreement Over Embattled Fed Renovation Project
Forbes Breaking News
6 months ago
Trump Lobs New Action In War Against Fed Chair Jerome Powell
Forbes Breaking News
5 months ago
Jerome Powell Reveals 'We Haven't Made Any Decisions About September', Interest Rates Remain Steady
Forbes Breaking News
5 months ago
Trump & Powell Take Extremely Tense Tour Of Federal Reserve Renovation Together
Forbes Breaking News
6 months ago
Russell Vought Asked Point Blank: 'How Was Jerome Powell's Demeanor' During Trump's Tour?
Forbes Breaking News
6 months ago
Jerome Powell Asked Point Blank If Trump's Pressure Over Renovations Is 'Directly Tied' To Lower Rate Push
Forbes Breaking News
5 months ago
Jerome Powell: Dollar Strength 'Would Never Be A Major Focus' In Fed Discussions On Interest Rate
Forbes Breaking News
5 months ago
Fed Chair Jerome Powell Warns: 'We May Be Entering A Period Of More Persistent Supply Shocks'
Forbes Breaking News
8 months ago
Reporter To Trump: 'Are You Completely Ruling Out The Idea Of Firing Jerome Powell?'
Forbes Breaking News
6 months ago
Trump Shreds Fed Chair Jerome Powell, Tells Reporter 'You'd Do A Better Job Than Him'
Forbes Breaking News
6 months ago
'What Are The Implications For Monetary Policy?': Jerome Powell Lays Out Key Considerations For Fed
Forbes Breaking News
5 months ago
'Is This A Pressure Campaign?': Reporter Grills Vought Over Trump Administration's Actions Toward The Fed
Forbes Breaking News
6 months ago
Trump Rips Jerome Powell, And Says He Is Narrowing Down His Pick To Be Next Fed Chair
Forbes Breaking News
7 months ago
Trump Renews Attacks On Powell Using Fed HQ Budget As Political Leverage
Benzinga
6 months ago
Oklo Soars On Meta Deal
Benzinga
1 day ago
Trump Mortgage Bond Order
Benzinga
1 day ago