Fed. Gov. Kugler Resigns, Trump Fires BLS Commissioner | Balance of Power: Late Edition 8/01/2025

“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Senator Mark Warner (D-VA) shares his thoughts on Federal Reserve Governor Adriana Kugler resigning. Peter Navarro, White House Senior Counselor for Trade and Manufacturing Policy, reacts to the President’s decision to call for the firing of the Bureau of Labor Statistics chief. Andrew Hale, Senior Policy Analyst on Trade Policy at the Heritage Foundation, talks President Trump’s tariffs starting today, and Rebecca Grant, Vice President of Defense Programs at the Lexington Institute, discusses President Trump moving to nuclear submarines towards Russia.

Chapters:
00:00:00 – Balance of Power Late Edition Begins
00:01:45 – Michael Mckee on Fed. Gov. Kugler Resignation, What Happens Next
00:11:59 – Peter Navarro, White House Snr. Counselor for Trade & Manufacturing, on BLS Commissioner Firing, Jobs Report Data, Kulger Resignation
00:22:47 – Bloomberg Power Moves: Michael Regan on Markets Reaction to Tariffs, Soft US Payroll Data Shatters Wall Street’s Calm
00:26:26 – Andrew Hale, Snr. Policy Analyst on Trade Policy at the Heritage Foundation on Pres. Trump’s Tariffs Go Into Effect, How to Understand Tariff Rates
00:34:09 – Wendy Benjaminson on Impact of BLS Commissioner Firing, US Jobs Report, Could Eventual New Fed. Gov. Be New Fed Chair
00:36:39 – SCOTUS to Consider Outlawing Race-Based Voting Maps
00:37:53 – Rebecca Grant, Vice Pres. of Defense Programs at the Lexington Institute, on How to Understand Trump Moving Two Nuclear Submarines to Russia
00:45:02 – Bloomberg Power Brief: Top Stories Watching Tonight
00:46:48 – Political Panel Reacts to Corporation for Public Broadcasting Closing, Rep. Steil Rocky Townhall Over Tax Bill, Trump Fires BLS Commissioner
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