President Donald Trump plans to announce a new Federal Reserve governor and a new Bureau of Labor Statistics (BLS) chief within the next few days. This move comes after the surprise resignation of Fed Governor Adriana Kugler and Trump's dismissal of BLS Commissioner Erika McEntarfer, whom he accused of manipulating employment figures without providing evidence.
*Potential Candidates for the Positions:*
- *Federal Reserve Governor:*
- *Kevin Hassett*: National Economic Council Director and potential candidate for Fed Chair
- *Kevin Warsh*: Former Fed governor who served under President George W. Bush
- *Christopher Waller*: Current Fed governor and potential candidate for Fed Chair
- *Scott Bessent*: Treasury Secretary and potential candidate for Fed Chair
- *BLS Chief:*
- Trump has indicated he'll choose someone "far more competent and qualified" to lead the BLS
*Impact of the Appointments:*
These appointments could significantly shape Trump's economic agenda, particularly regarding interest rate policy and official data releases. The new Fed governor will have a say in shaping monetary policy, while the BLS chief will oversee the accuracy and integrity of economic data .
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