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The US President hinted that he would soon announce a new FED governor and a new jobs data statistician in the coming days.

Mr. Trump recently received a lot of criticism when he fired Erika McEntarfer - Director of the Bureau of Labor Statistics (BLS), after the BLS released a report on US job growth falling dramatically.

On the FED side, on August 1, Ms. Adriana Kugler unexpectedly resigned from the Board of Governors - a position that was not supposed to end until January.

Kugler's departure gives Trump an earlier-than-expected opportunity to appoint a governor who is more in line with his desire to lower interest rates. This position could even transition to the role of FED Chairman after Powell's term ends in May 2026.

The list of names that Mr. Trump may consider for the hot seat at the FED includes:

- Kevin Warsh: Former Fed Governor (2006-2011) was interviewed for the position of Secretary of the Treasury last November.

- Kevin Hassett: Head of the US National Economic Council.

- Arthur Laffer: Economist famous for the "Laffer curve", once an advisor to Trump.

- Scott Bessent: Current Secretary of the Treasury