President Trump is urging Federal Reserve Chair Jerome Powell to cut interest rates following the release of July's Consumer Price Index (CPI). The CPI report indicated that price increases were lower than anticipated. Meanwhile, CBS News reporters Kelly O'Grady and Aaron Navarro are covering both the CPI report and Trump's nomination of E.J. Antoni to head the Bureau of Labor Statistics (BLS). Antoni's potential appointment is expected to draw scrutiny given his past criticisms of government economic data.