President Trump will announce a new Federal Reserve governor and Bureau of Labor Statistics commissioner in the coming days. Fed Gov. Adriana Kugler is stepping down early from her position, which was originally set to end in January 2026. Trump suggests Kugler's decision is linked to a shared discontent with interest rates. Trump aims to reshape the Federal Reserve to align more closely with his views, amidst ongoing tensions with Fed Chair Jerome Powell, who has resisted Trump's calls for rate cuts.
President Trump plans to appoint a new Federal Reserve governor and Bureau of Labor Statistics commissioner following the resignation of Fed Gov. Adriana Kugler, citing her agreement with his views on interest rates as a factor in her early departure.
Trump expressed frustration with Federal Reserve Chair Jerome Powell, who has resisted calls to cut interest rates and has not addressed Trump's criticisms directly. This tension provides context for the urgency of naming his preferred replacements.
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