Trump Moves to Replace Fed and BLS Chief Amid Economic Shake-Up, Crypto Market Rallies

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President Trump is moving quickly to replace two key economic positions, backing a pro-rate-cut agenda. With the chances of a September rate cut nearing 80%, markets are reacting—crypto has surged, adding to the growing momentum.

Two major vacancies opened Friday, one at the Federal Reserve after Governor Adriana Kugler’s unexpected resignation, and the other at the Bureau of Labor Statistics after the President fired Commissioner Erika McEntarfer.

McEntarfer was fired shortly after a weak jobs report in July, and the President accused her of manipulating job numbers.