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.

Donald Trump named EJ Antoni, chief economist of the conservative Heritage Foundation, to lead the Bureau of Labor Statistics.