JUST IN: Trump is set to appoint a new Federal Reserve governor and Bureau of Labor Statistics chief.

• The new appointments are due to Adriana Kugler's resignation from the Fed to return to Georgetown University.

• Trump fired current BLS head Erika McEntarfer after poor jobs data.

• Candidates are expected to align with Trump's preference for rate cuts.

The appointments could influence investor expectations and market sentiment, particularly regarding future economic policy direction based on Trump's preferences for the Federal Reserve.