William Beach, the former commissioner of the Bureau of Labor Statistics who was nominated by President Donald Trump and led the agency during his first term, has condemned the firing of his successor, calling it "totally groundless" and warning that it "sets a dangerous precedent."

President Trump erupted on social media after the Federal Reserve held interest rates steady this week. The president called on the board to “assume control” and lower interest rates on the same day a Biden-appointed Fed governor announced her resignation.