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You are at:Home » Trump says he’ll tap new Fed candidate to take open role in the next couple of days
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Trump says he’ll tap new Fed candidate to take open role in the next couple of days

Press RoomBy Press RoomAugust 4, 2025No Comments2 Mins Read
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Trump says he’ll tap new Fed candidate to take open role in the next couple of days
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President Donald Trump said Sunday evening that he will soon announce a nominee to fill a new vacancy on the Federal Reserve’s Board of Governors.

The opening on the Fed Board follows last week’s announcement that Governor Adriana Kugler will step down early—well before her term was set to expire in January—leaving a seat open on the panel that guides the nation’s monetary policy.

The seven members that make up the Fed Board are called governors and are nominated by the president and confirmed by the Senate. 

The appointment comes as tensions between Trump and Federal Reserve Chairman Jerome Powell have intensified in recent months.

At the heart of the conflict is Powell’s reluctance to push interest rates lower – a stance he says is rooted in the Federal Reserve’s cautious, data-dependent approach to managing inflation and economic growth.

Trump has repeatedly called for the Fed to lower the federal funds target rate, which he says could save the nation “hundreds of billions of dollars.” 

A LOOK AT THE UNFOLDING BATTLE BETWEEN TRUMP AND POWELL OVER FED POLICY

Powell has kept the central bank’s key borrowing rate target within a range of 4.25% to 4.5%, adopting a cautious approach to gauge the economic impact of Trump’s tariffs.

Last month, following the Federal Open Market Committee’s rate meeting, Powell announced that the Fed would leave the rate unchanged. The decision marked the fifth time this year the Fed has kept the interest rate steady.

Trump also said on Sunday evening that he would appoint a new chief statistician to replace the Bureau of Labor Statistics Commissioner he recently dismissed.

U.S. Labor Department's Bureau of Labor Statistics Commissioner Erika McEntarfer poses for a photograph

Last week, Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer, claiming she falsified employment data in order to produce a disappointing jobs report.

Read the full article here

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Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials Breaking News

Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials

By Dewey LewisAugust 31, 20250

NEWYou can now listen to Fox News articles! Sen. Bernie Sanders, I-Vt., is demanding that…

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Ex-Postal fraud investigator allegedly stole more than $330K from elderly scam victims he was meant to protect

August 31, 2025
Florida State stuns Alabama to bring Crimson Tide’s season-opener win streak to abrupt end

Florida State stuns Alabama to bring Crimson Tide’s season-opener win streak to abrupt end

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Trump touts ‘worker-first’ economy on Labor Day as internet speculation of his whereabouts spirals

Trump touts ‘worker-first’ economy on Labor Day as internet speculation of his whereabouts spirals

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Popular Posts
No. 9 LSU earns hard-fought road victory after upsetting No. 4 Clemson

No. 9 LSU earns hard-fought road victory after upsetting No. 4 Clemson

August 31, 2025
Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials

Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials

August 31, 2025
Ex-Postal fraud investigator allegedly stole more than 0K from elderly scam victims he was meant to protect

Ex-Postal fraud investigator allegedly stole more than $330K from elderly scam victims he was meant to protect

August 31, 2025
Latest News
Florida State stuns Alabama to bring Crimson Tide’s season-opener win streak to abrupt end

Florida State stuns Alabama to bring Crimson Tide’s season-opener win streak to abrupt end

August 31, 2025
Trump touts ‘worker-first’ economy on Labor Day as internet speculation of his whereabouts spirals

Trump touts ‘worker-first’ economy on Labor Day as internet speculation of his whereabouts spirals

August 31, 2025
Trump slams Pritzker on Chicago crime as governor’s reported weight loss fuels 2028 speculation

Trump slams Pritzker on Chicago crime as governor’s reported weight loss fuels 2028 speculation

August 31, 2025
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