President Trump said Sunday he plans to name a new Federal Reserve Governor and Bureau of Labor Statistics commissioner this week. Why it matters: The resignation of former Fed governor Adriana Kugler and Trump's firing of BLS commissioner Erika McEntarfer give the president the opportunity to appoint people more aligned with his administration's policies and pile further pressure on Fed Chair Jerome Powell.

President Trump said he directed his team to fire the top Bureau of Labor Statistics official after the bureau issued a weak jobs report on Friday. Trump in a social media post said Erika McEntarfer,