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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.

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Padma Lakshmi ‘hasn’t lost her touch’ as fans praise her hot pink bikini photos Breaking News

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Popular Posts
Becky Lynch retains Women’s Intercontinental Championship in hardcore No DQ match at SummerSlam

Becky Lynch retains Women’s Intercontinental Championship in hardcore No DQ match at SummerSlam

August 4, 2025
Padma Lakshmi ‘hasn’t lost her touch’ as fans praise her hot pink bikini photos

Padma Lakshmi ‘hasn’t lost her touch’ as fans praise her hot pink bikini photos

August 4, 2025
Naomi steals SummerSlam victory from Rhea Ripley, Iyo Sky to retain Women’s World Championship

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Latest News
Trump says he’ll tap new Fed candidate to take open role in the next couple of days

Trump says he’ll tap new Fed candidate to take open role in the next couple of days

August 4, 2025
Woman killed and another severely injured after dog mauling at Southern California park

Woman killed and another severely injured after dog mauling at Southern California park

August 4, 2025
Noah Lyles shoved by rival Kenny Bednarek after 200M victory, sparks heated confrontation

Noah Lyles shoved by rival Kenny Bednarek after 200M victory, sparks heated confrontation

August 4, 2025
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