Dem Rep. Himes: Inflation 'Largely Managed' by the Fed, Cutting Spending Would Be Debate of Cutting Defense or Social Security, Medicare

On Friday's broadcast of MSNBC's "Katy Tur Reports," Rep. Jim Himes (D-CT) said that "inflation is largely managed by the Federal Reserve," and that while Congress could cut spending, "That would be a conversation about do we cut Social Security, do we cut Medicare the way the Republicans have proposed or do we cut defense spending?"