Trump says he will tap the new Fed candidate to play an open role in the next few days.

President Donald Trump said on Sunday evening that he would soon announce a candidate to fill a new vacancy on the Board of Governors of the Federal Reserve.

After the inauguration of the inauguration last week on the Fed Board, Governor Adriana Kuggler would quit the post – its term was scheduled to end in January – a seat was revealed on the nation guiding a panel. monetary policy,

Seven members of the Fed Board are called the governor and are nominated by the President and confirmed by the Senate.

The tension between Trump and Federal Reserve President Jerome Powell as appointment has intensified in recent months.

At the center of the conflict, there is reluctance to push the interest rates of Powells low – a stance that he says Federal Reserve Vigilant, data-dependent approach to managing inflation and economic development.

Trump has repeatedly called Fed to reduce the Federal Fund Target Rate, which says that he can save the nation “hundreds of billions of dollars”.

A look at the unfolding battle between Trump and Powell on Fed Policy

Pavel has placed a cautious approach to reduce the economic impact of Trump’s tariff,,,, the central bank’s major lending rate target within the range of 4.25% to 4.5%, by adopting a cautious approach.

Last month, after the Federal Open Market Committee meeting, Powell announced that the fed will be fed Leave the rate unchangedThis decision marked the fifth time this year that Fed has kept the interest rate stable.

Trump also said on Sunday evening that he would appoint a new Chief Statistorist to replace the Bureau of the recently rejected Labor Statistics Commissioner Bureau.

Last week, Trump fired the bureau of Labor Statistics Commissioner Erica McAntarfer, claiming that he denied employment figures to produce disappointing jobs report.

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