Trump to Name New Fed Governor After Kugler Resigns; BLS Head is Fired
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- Trump plans to announce a new Federal Reserve governor after Adriana Kugler’s resignation effective August 8.
- Erika McEntarfer’s removal as BLS head followed disputes over jobs data, drawing criticism from former officials.
- Both appointments will influence U.S. monetary policy, labor data reporting, and market sentiment ahead of Powell’s term end in 2026.
President Donald Trump is preparing to name a new Federal Reserve governor, a major shake-up that comes as his administration also fired the head of the Bureau of Labor Statistics (BLS), Erika McEntarfer, last week. The moves signal a clear intent to exert more direct influence over U.S. monetary policy and economic reporting.
— Coin Edition: Your Crypto News Edge (@CoinEdition) August 4, 2025
JUST IN: President Trump is set to announce his appointments for a new Federal Reserve governor and the head of the Bureau of Labor Statistics this week.
Further updateshttps://t.co/gqMtXPHq4z#trump #FED #USA pic.twitter.com/2tzJdV7va3
The first major change is at the Fed, where Governor Adriana Kugler has announced her resignation, effective August 8. In a letter to the White House, Kugler, who was appoin…
The post Trump to Name New Fed Governor After Kugler Resigns; BLS Head is Fired appeared first on Coin Edition.
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