Trump to Name New Fed Governor After Kugler Resigns; BLS Head is Fired

Trump plans to announce a new Federal Reserve governor after Adriana Kugler’s resignation effective August 8. Erika McEntarfer’s removal as BLS head followed disputes over jobs data, drawing criticism from former officials. Both appointments will influence U.S. monetary policy, labor data reporting, and market sentiment ahead of Powell’s term end in 2026. President Donald Trump is preparing to name a new Federal Reserve governor, a major shake-up that comes as his administration also fired the head of the Bureau of Labor Statistics (BLS), Erika McEntarfer, last week. The moves signal a clear intent to exert more direct influence over U.S. monetary policy and economic reporting. JUST IN: President Trump is set to announce his appointments for a new Federal Reserve governor and the head of the Bureau of Labor Statistics this week. Further updates https://t.co/gqMtXPHq4z #trump #FED #USA pic.twitter.com/2tzJdV7va3 — Coin Edition: Your Crypto News Edge (@CoinEdition) August 4, 2025 The first major change is at the Fed, where Governor Adriana Kugler has announced her resignation , effective August 8. In a letter to the White House, Kugler, who was appoin… The post Trump to Name New Fed Governor After Kugler Resigns; BLS Head is Fired appeared first on Coin Edition .

Source: Coin Edition