FDA Commissioner Makary & OMB Director Vought 7/22/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 11 July 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

100 days on the job, FDA Commissioner Dr. Marty Makary discusses HHS Secretary Robert F. Kennedy Jr.’s complicated stance on vaccines and the future of public trust in American health care agencies. The White House is mounting pressure on Federal Reserve Chair Jerome Powell; Office of Management and Budget Director Russell Vought explains that he’s pushing the central bank on its monetary policy and, more recently, on its building renovations. Plus, President Trump is threatening a 35% tariff on Canada, and Jamie Dimon is speaking out on global markets and on NYC Democratic Mayoral candidate Zohran Mamdani. Megan Cassella - 5:06 Dr. Marty Makary - 18:24 Russell Vought - 38:04 In this episode: Megan Cassella, @mmcassella Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:06.8	Today on Squawk Pod.
0:09.5	Marty McCarrie, head of the FDA, is 100 days on the job.
0:13.7	A controversial few months for the agency, measles cases at a 33-year high, and public trust trending lower.
0:20.1	If we have vaccine mandates for young healthy individuals, we were going to see a rise
0:24.5	of an anti-vaccine sentiment, and I think that's exactly what happened.
0:28.1	We saw a tremendous loss in public trust.
0:31.9	And the White House's mounting pressure on the head of the Federal Reserve, OMB Director
0:36.5	Russell Vote, takes issue with Jay Powell's revamp of the Fed's HQ, as well as his monetary policy.
0:43.3	At every step of the way, we have problems with regard to the management of the Fed.
0:48.3	He's too late, and he's incredibly expensive with regard to his building project, and we're going to get to the bottom of that. Politics makes strange bedfellows from who's in favor of the White House to who's in favor in New York City.
1:01.0	And President Trump announces new tariffs on Canada.
1:04.0	Something must have made him mad.
1:06.0	Are Megan Casella with the latest.
1:08.0	Vast expansion of the trade war on multiple fronts just in the past few days.
1:13.6	It's Friday, July 11th, 2025.
1:17.0	Squawk Pod begins right now.
1:19.5	Stand by in three, two, one.
1:22.1	Cue, please.
1:24.7	Good morning.
1:25.5	Welcome to Squackbox here on CNBC.
	...

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