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Trump Fires Labor Official Amid Weak Jobs Data, Gains Early Opening to Influence Fed

Aug 04, 2025, 12:26 a.m. ET

AsianFin -- U.S. President Donald Trump abruptly dismissed a senior Labor Department official on Friday following a surprising report showing softer-than-expected U.S. job market figures.

Trump accused the official—without presenting evidence—of manipulating the data, intensifying ongoing concerns over the reliability of federal economic statistics.

In a separate and unexpected development, Fed Governor Adriana Kugler announced her resignation the same day, creating an earlier-than-anticipated vacancy on the Federal Reserve Board. This move potentially accelerates Trump’s ability to shape the Fed, with which he has frequently clashed over its reluctance to cut interest rates.

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