Trump to Name New Fed Governor, Jobs Data Head in Coming Days
Source: msn/Bloomberg
10h
(Bloomberg) -- President Donald Trump said he will announce a new Federal Reserve governor and a new jobs data statistician in the coming days, two appointments that may shape his economic agenda amid anxiety over the trajectory of global growth.
Trump made the comments to reporters Sunday on his way back to the White House from a weekend in Bedminster, New Jersey. He has faced criticism for his relentless attacks on the Fed and for firing Bureau of Labor Statistics chief Erika McEntarfer after data showed weak jobs growth moves that are seen as undermining institutions typically viewed as free from political influence.
For the Fed, the president said he has a couple of people in mind for the role that opened up after Adriana Kugler announced Friday that she would vacate her board of governors seat, which wasnt due to expire until January. Her exit handed Trump a sooner-than-anticipated opportunity to appoint a governor who more closely aligns with his preference for lower interest rates.
National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, current Fed Governor Christopher Waller and Treasury Secretary Scott Bessent have all been floated as contenders to lead the central bank. Trumps nominee for the open governorship could move into the chairman role when Jerome Powells term expires in May.
Read more: https://www.msn.com/en-ph/money/markets/trump-to-name-new-fed-governor-jobs-data-head-in-coming-days/ar-AA1JPX7s
Rhiannon12866
(258,910 posts)BumRushDaShow
(172,311 posts)They only need to be able to "look good on teevee and spout the correct 'talking points'" (even when the 'talking points' swing wildly around, throwing TACO filling hither and yon
).
Rhiannon12866
(258,910 posts)Qualifications: Agree with him whether it makes sense or not and be willing to lie.
Prairie Gates
(8,479 posts)Just kidding. They're going to be absolutely awful shitheels of the first order.
Katinfl
(885 posts)The reports will be the best numbers ever recorded ..he/she will pull the numbers out of their ass just to please him and keep their job. We will never be able to trust anyone ever again.
PSPS
(15,376 posts)twodogsbarking
(19,353 posts)along with numbers that are made up. Any Qs?
durablend
(9,373 posts)And ZERO unemployment!
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