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BumRushDaShow

(158,594 posts)
Mon Aug 4, 2025, 07:56 AM Aug 4

Trump to Name New Fed Governor, Jobs Data Head in Coming Days

Source: msn/Bloomberg

10h


(Bloomberg) -- President Donald Trump said he will announce a new Federal Reserve governor and a new jobs data statistician in the coming days, two appointments that may shape his economic agenda amid anxiety over the trajectory of global growth.

Trump made the comments to reporters Sunday on his way back to the White House from a weekend in Bedminster, New Jersey. He has faced criticism for his relentless attacks on the Fed and for firing Bureau of Labor Statistics chief Erika McEntarfer after data showed weak jobs growth — moves that are seen as undermining institutions typically viewed as free from political influence.

For the Fed, the president said he has a “couple of people in mind” for the role that opened up after Adriana Kugler announced Friday that she would vacate her board of governors seat, which wasn’t due to expire until January. Her exit handed Trump a sooner-than-anticipated opportunity to appoint a governor who more closely aligns with his preference for lower interest rates.

National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, current Fed Governor Christopher Waller and Treasury Secretary Scott Bessent have all been floated as contenders to lead the central bank. Trump’s nominee for the open governorship could move into the chairman role when Jerome Powell’s term expires in May.

Read more: https://www.msn.com/en-ph/money/markets/trump-to-name-new-fed-governor-jobs-data-head-in-coming-days/ar-AA1JPX7s

8 replies = new reply since forum marked as read
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BumRushDaShow

(158,594 posts)
2. Doubtful
Mon Aug 4, 2025, 09:09 AM
Aug 4

They only need to be able to "look good on teevee and spout the correct 'talking points'" (even when the 'talking points' swing wildly around, throwing TACO filling hither and yon ).

Rhiannon12866

(241,194 posts)
3. Of course, if his other nominees are any example.
Mon Aug 4, 2025, 09:12 AM
Aug 4

Qualifications: Agree with him whether it makes sense or not and be willing to lie.

Prairie Gates

(5,946 posts)
4. I'm sure they will both be upstanding and honest citizens whose only concern in the common good
Mon Aug 4, 2025, 09:13 AM
Aug 4


Just kidding. They're going to be absolutely awful shitheels of the first order.

Katinfl

(457 posts)
5. Once he names a new BLS chief, how will we ever be able to trust the numbers?
Mon Aug 4, 2025, 09:22 AM
Aug 4

The reports will be the “best numbers ever recorded”……..he/she will pull the numbers out of their ass just to please him and keep their job. We will never be able to trust anyone ever again.

twodogsbarking

(15,164 posts)
6. Future reports will be generated by Sharpie and will contain multiple spelling and gramatical errors,
Mon Aug 4, 2025, 10:06 AM
Aug 4

along with numbers that are made up. Any Qs?

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