President Donald Trump has dismissed Bureau of Labor Statistics Commissioner Erika McEntarfer, saying last week’s employment figures were “rigged” and pledging to name a replacement within four days. The move came hours after the BLS reported that U.S. payrolls grew by only 73,000 in July and that prior estimates for May and June were revised down by a combined 258,000 positions, lifting the unemployment rate to 4.2%. Economists and former officials warned the firing could erode confidence in the integrity of U.S. economic data. JPMorgan’s chief U.S. economist said the decision poses risks to monetary policy and financial stability, while former BLS heads and ex-Treasury Secretary Larry Summers called manipulation claims unfounded. Bank of America CEO Brian Moynihan urged improvements in data collection but described the dispute as largely political. Markets focused instead on the prospect of looser policy. Futures pricing on CME FedWatch now assigns roughly an 80-90% chance that the Federal Reserve will trim rates at its 17-18 September meeting. Goldman Sachs told clients it expects three consecutive 25-basis-point cuts starting next month and left open the possibility of a larger move if unemployment rises further. Rate-cut bets pressured the dollar—its index touched 98.7, down about 0.5%—and kept Treasury yields subdued near 4.22% on the 10-year note. Equity sentiment improved: S&P 500 futures rose about 0.7% and the CBOE Volatility Index slipped below 19 after spiking to 22 on Friday. Traders are also watching for Trump’s promised nominee to fill the Federal Reserve board seat vacated by Adriana Kugler, another appointment that could influence the central bank’s path.