🔥 Trump is about to announce a series of "key" personnel for the Fed and BLS – Is the economic storm in the US preparing to change direction?
On August 3rd, President Donald Trump announced that he would soon unveil two new personnel:
🔹 A new Fed Governor
🔹 A leader of the Bureau of Labor Statistics (BLS)
➡️ This move comes just days after he fired Ms. Erika McEntarfer – the BLS Director, following a "disappointing" jobs report.
➡️ At the same time, he continues to pressure the Fed – the agency he has repeatedly criticized for its “too tight” interest rate policy.
According to Bloomberg, this could be a significant move to reshape US economic policy, amid slowing global growth and a market beginning to question the future of US monetary policy.
📌 If the new Fed governor and BLS leader are both “Trump's people,” then the big question arises:
Will the upcoming monetary policy and jobs report still be objective? ...