U.S. President Donald Trump dropped a political bombshell Sunday, announcing plans to replace the Bureau of Labor Statistics (BLS) commissioner and fill a key Federal Reserve seat—a move that could send shockwaves through economic policy. 🔥
Jobs Data Drama
Trump claimed he'll name a new BLS chief within days, abruptly firing Commissioner Erika McEntarfer over unproven allegations of "faking jobs numbers." Critics call it a reality TV-style shakeup, with zero evidence provided to back the data manipulation claims. 📉
Fed Vacancy Alert
The president also teased a Fed board nominee after Governor Adriana Kugler’s early exit. With Trump frequently clashing with the central bank, this appointment could reshape U.S. monetary policy ahead of the 2024 election cycle. 💸
Market watchers are side-eyeing the timing—will this disrupt inflation strategies or spook investors? Stay tuned for updates as the economic chessboard gets rearranged. 🕵️♂️
Reference(s):
Trump says he will tap new BLS commissioner and Fed board member
cgtn.com