Trump admin live updates: Trump, Schumer trade barbs over Senate nominations

The Federal Reserve Board announced Friday that Adriana D. Kugler will step down from her position as governor of the Federal Reserve Board, effective Aug. 8.

The vacancy will now give Trump a chance to nominate a new governor and further shape the makeup of the board. It comes as the president continued to put pressure on Federal Reserve Chair Jerome Powell to lower interest rates.

Kugler was nominated by President Joe Biden and has served in her position since September 2023. According to the Fed, she "submitted her letter of resignation to President Trump and will return to Georgetown University as a professor this fall." Kugler's term was set to expire at the end of January.

-ABC News' Molly Nagle

President Donald Trump lashed out against the commissioner of the Bureau of Labor Statistics following Friday's worse-than-expected jobs report.

"I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY." Trump said of Erika McEntarfer. "She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes."

The announcement comes after Friday's jobs report, which said the U.S. added 73,000 jobs in July. That figure marked a slowdown from 147,000 jobs added in the previous month. The report also showed May and June combined showed 258,000 fewer jobs than previously reported.

According to her biography page on the BLS website, McEntarfer is "a labor economist who has served over 20 years in federal government, with positions at the U.S. Census Bureau, the Executive Office of the President, and the Department of Treasury."

The bio adds that she was appointed by Biden in 2023 and confirmed by the Senate in January of 2024.

-ABC News' Michelle Stoddart

President Donald Trump said Friday he has ordered two nuclear submarines "in the appropriate regions" in response to threats made by Dmitry Medvedev, the Deputy Chair of Russia's Security Council, "just in case these foolish and inflammatory statements are more than just that."

"Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances," Trump posted on social media.

He did not specify in the post where the submarines would be going.

It comes as Medvedev posted on X earlier this week, warning Trump not to play "the ultimatum game."

"Each new ultimatum is a threat and a step towards war. Not between Russia and Ukraine, but with his own country," Medvedev said.

-ABC News' Lalee Ibssa and Michelle Stoddart

A growing number of lawmakers, including 22 members of Congress and several key figures in the Congressional Black Caucus, called on Director of National Intelligence Tulsi Gabbard to resign.

The letter, sent this week and spearheaded by Rep. Sydney Kamlager-Dove, D-Calif, urges Gabbard "to resign immediately so that new leadership can begin the urgent work of restoring integrity, rebuilding trust, and upholding the nonpartisan mission of the Intelligence Community before even more damage is done."

The group criticized Gabbard’s remarks about former President Barack Obama and her claims that "his cabinet 'manufactured and politicized' evidence against President Trump related to Russia’s proven interference in the 2016 election."

"This is not only categorically false; it is a dangerous and deliberate distortion of reality," they wrote.

The group also criticized Gabbard for misusing her position as Director of National Intelligence, stating her "job is to safeguard truth, not spread propaganda. Instead, you have abused your position to promote a partisan narrative rooted in conspiracy and discredited claims."

-ABC News' Beatrice Peterson