US President Donald Trump intends to make significant appointments to the Federal Reserve and Bureau of Labor Statistics in the coming days. These changes follow recent resignations at these institutions.
Resignations at the Federal Reserve
Last week, a seat on the Federal Reserve became vacant following the unexpected resignation of Board Member Adriana Kugler. Kugler, whose tenure on the board lasted less than two years, opted to resign early from the term that was set to end in January.
Appointments at the Bureau of Labor Statistics
The second vacancy arose after the dismissal of Bureau of Labor Statistics Commissioner Erika McEntarfer. The termination followed the release of weak job creation data for July. Trump publicly criticized McEntarfer, holding him accountable for significant errors in employment data calculations.
Reactions to the Dismissals and Potential Consequences
Observers indicated that Kugler's resignation accelerates Trump's push to align the Federal Reserve with his views. Concerns have been raised that such changes may lead to the politicization of data, which could negatively affect public trust in statistics.
In the coming days, Trump is set to make significant appointments that may impact US economic policy and perceptions of employment data.
