Trump Signals New Appointment to Federal Reserve Board, Slams ‘Fake’ Statistics in Explosive Remarks

U.S. President Donald Trump announced on Tuesday that he is no longer planning to appoint Treasury Secretary Scott Bessent to the vacant position on the Federal Reserve Board of Governors, but he added that a new nominee will be announced soon.

💬 Trump said:
“I’m considering a few people. There are four names on the table. Kevin Hassett and Kevin Warsh could both be excellent choices.”

He revealed that the recent resignation of current Fed Governor Adriana Kugler was a “pleasant surprise” for him. Kugler was scheduled to serve until January 2025, but her early resignation now gives Trump the opportunity to make an immediate appointment.

Trump’s Nominee Could Also Be the Next Fed Chair?

Trump mentioned that the person he appoints to replace Kugler may also be nominated for the full 14-year term. Furthermore, that individual might be considered for the position of Federal Reserve Chair when Jerome Powell’s term ends in May 2025.

💬 “Some say, when you give someone the job, you might as well make them Fed Chair – that’s also a possibility,” Trump said.

Trump Fires U.S. Labor Stats Chief Over “Fake” Job Reports

In a separate move the same day, Trump fired Erika McEntarfer, the Commissioner of the U.S. Bureau of Labor Statistics (BLS), accusing the agency of deliberately distorting job market data to portray him negatively. However, he provided no evidence to support his claim.

This abrupt decision has raised global concerns among economists and statisticians about the neutrality and credibility of official government data.

Experts React:

Michael Strain, an economist at the American Enterprise Institute, warned:

“If people start believing that a ‘lackey’ is running the Fed and that statistics are being manipulated, it would be a terrifying scenario.”

🔍 Key Takeaways:

• Trump will not appoint Treasury Secretary Scott Bessent to the Fed Board

• New nominee to be announced soon – 4 names under consideration

• Adriana Kugler’s resignation accelerated Trump’s plans

• The next Fed Chair could be Trump’s appointee

• Trump fired BLS Commissioner over allegedly misleading job growth stats

• Economists warn that political interference could damage trust in official data