---
title: "'Nuclear scenario': Ex-Fed official warns Trump leaving economic policy 'badly damaged'"
description: "Former Federal Reserve official warns that President Trump's economic policy is in a precarious state as he attempts to appoint loyalists to key positions in the U.S. Bureau of Labor Statistics and th"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/251883304.md"
published_at: "2025-08-06T17:55:02.000Z"
---

# 'Nuclear scenario': Ex-Fed official warns Trump leaving economic policy 'badly damaged'

> Former Federal Reserve official warns that President Trump's economic policy is in a precarious state as he attempts to appoint loyalists to key positions in the U.S. Bureau of Labor Statistics and the Federal Reserve. Trump's public criticism of Fed Chairman Jerome Powell for not cutting interest rates further complicates the economic landscape.

President Donald Trump is making a concerted effort to put MAGA loyalists in charge of the U.S. Bureau of Labor Statistics (BLS) and the U.S. Federal Reserve. At press conferences, Trump repeatedly attacks Fed Chairman Jerome Powell as a "stupid person" because he is refusing to cut interest rates — at least for now. And on Friday, August 1, Trump ...

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.