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President Trump to Announce New Federal Reserve Governor Soon
Posted
August 4, 2025
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0:30Now PlayingPresident 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.
Trump made the comments to reporters Sunday on his way back to the White House from a weekend in 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 seen as undermining institutions typically viewed as free from political influence. Among those who decried McEntarfer’s removal was her predecessor, Trump appointee William Beach, who described it as “damaging.”
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 wasn’t due to expire until January. Her exit handed Trump — who said Fed Chair Jerome Powell should also resign — an opportunity to appoint a governor who more closely aligns with his preference for lower interest rates.
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