Vought Defends Spending Cuts, Criticizes Federal Reserve | JQJO

White House OMB Director Russell Vought discussed the administration's approach to the Federal Reserve and federal spending on "Face the Nation." Vought criticized Fed Chair Jerome Powell for being slow to address inflation, advocating for a successor who prioritizes inflation control. Regarding spending, he defended the release of previously withheld education funds after a review, while acknowledging potential future rescissions. He also defended the administration's approach to the NIH budget, emphasizing a need for reform and efficiency. Vought stated that the administration is exploring all options to avoid an omnibus spending bill and prevent a government shutdown, while denying intentions to provoke one.