OMB Director Russell Vought: This is not a pressure campaign on Fed Chair Powell

Fed's Independence and Accountability - The President has repeatedly stated no intention to fire the Fed Chairman [1] - Ensuring the Fed's accountability to the American people regarding its actions is important [1] - The American people, through their elected President, should have a voice in Fed decisions, including interest rates [2] Issues Beyond Monetary Policy - The Fed needs to be accountable for issues beyond monetary policy [3] - These issues include the Fed's building, remittances back to the Treasury impacting the deficit, and regulatory activities [3] - The Fed's regulatory activities are not currently complying with the regulatory review process [3] Relationship with the Fed - The aim is to ensure questions regarding the Fed are answered over time [4] - This is not a pressure campaign on the Fed Chairman [4]