Editor's PiCK
"Trump to Announce New Fed Board Member and Director of the Bureau of Labor Statistics This Week"
Summary
- President Trump is expected to nominate a new Federal Reserve Board member this week.
- This move reportedly aims at selecting a candidate who will support the policy of rate cuts.
- It has also been reported that a new nominee for Director of the Bureau of Labor Statistics is being discussed following the poor recent employment report and the dismissal of the previous director.
President Donald Trump is expected to nominate a new member of the Federal Reserve Board and a new Director of the Bureau of Labor Statistics.
On the 4th (local time), the financial news channel Walter Bloomberg reported, "President Trump is expected to nominate a new Federal Reserve Board member and a new Director of the Bureau of Labor Statistics in the coming days. This Fed nomination follows the unexpected resignation of Adriana Kugler, and President Trump is considering new candidates who will support the push for rate cuts."
Regarding the nomination for the head of the Bureau of Labor Statistics, it added, "There are also discussions about appointing a successor to Erica McEntaffer, the former Director of the Bureau of Labor Statistics who was dismissed recently after the disappointing employment report was released."
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