Last Updated:November 08, 2024, 00:54 IST The adviser cautioned that US President-Elect Donald Trump could always change his mind, but his present view is that Powell should remain atop the central bank. President-elect Donald Trump appointed Jerome Powell to lead the Federal Reserve in November 2017. President-elect Donald Trump remains likely to allow Federal Reserve … Read more
Excluding volatile food and energy costs, so-called core prices in the US rose 3.2% in August from 12 months earlier, the same as in July. Wednesday’s report from the Labor Department showed that US consumer prices rose 2.5% in August from a year earlier. It was the fifth straight annual drop and the smallest such … Read more
President Trump has prioritised civil servant job protections since taking office. AFP News US President Joe Biden announced an average pay raise of 2% for federal civilian employees, effective January 1, 2025. Meanwhile, across-the-board pay is set to grow by 1.7% for all federal workers. The Biden Administration also announced locality-based average pay hikes of … Read more
