Trump fires head of employment statistics. Fed board member resigns
The accusation is of falsifying for political purposes both the employment figures released under President Biden and those released today, which fell short of analysts' expectations
2' min read
2' min read
US President Donald Trump announced in a post on his social network Truth, that he had fired Erika McEntarfer, head of Labour Statistics, accusing her of falsifying for political purposes both employment data released under President Biden and those released today, which fell short of analysts' expectations.
"I have just been informed that our country's 'employment numbers' were produced by a Biden appointee, Dr. Erika McEntarfer, Commissioner of Labor Statistics, who falsified employment data before the election to try to boost Kamala's chances of victory. This is - Trump writes - the same Bureau of Labor Statistics that overstated employment growth in March 2024 by about 818,000 and then just before the 2024 presidential election in August and September by 112,000. These were official figures: can no one be that wrong? We need accurate employment data. I have instructed my team to IMMEDIATELY fire this person politically appointed by Biden. She will be replaced with someone far more competent and qualified. Important numbers like these must be correct and accurate, they cannot be manipulated for political purposes."
Today, 'McEntarfer,' Trump continued, 'claimed that only 73,000 jobs were created (a shock!) but, more importantly, that he had made a serious mistake by cutting 258,000 jobs in the previous two months. Similar things happened in the first part of the year, always in the negative. The economy is booming under 'TRUMP', despite a Fed also playing with interest rates, lowering them twice, and substantially, just before the presidential election, I assume in the hope of getting 'Kamala' elected. How did this turn out? Jerome 'Too Late' Powell should also be 'retired'. Thank you for your attention!" concluded the US president.
Board member Fed Kugler resigns
Adriana Kugler, a member of the Fed's Board of Governors, 'has sent her letter of resignation to US President Donald Trump and will return to teach at Georgetown University this autumn'. This was announced by the Fed in a statement. Appointed in 2023 at the instigation of President Joe Biden, Kugler was to remain in office until the end of January 2026. By announcing her resignation, just months before the end of her term, Kugler gives President Trump the opportunity to appoint a successor first.
