P resident Donald Trump nominated E.J. Antoni, chief economist at the conservative Heritage Foundation, as the next commissioner of the U.S. Bureau of Labor Statistics (BLS), the president said in a social media post late Monday.

President Trump is calling on Fed Chair Jerome Powell to lower interest rates after Tuesday's Consumer Price Index report showed lower price hikes than expected in July. CBS News' Kelly O'Grady and Aaron Navarro have more on that and Mr.

President Trump announced E.J. Antoni as his nominee to lead the Bureau of Labor Statistics on Monday, after he fired the former commissioner earlier this month and blamed her for a weaker-than-expected jobs report.