Trump, inflation and bureau of labor statistics

Fed officials say latest inflation data helpful as they await Trump policies
By Howard Schneider, Michael S. Derby ANNAPOLIS, Maryland (Reuters) -Federal Reserve officials said data released on Wednesday showed U.S. inflation was continuing to ease even as they noted heightened uncertainty in the coming months as they await a first glimpse of the incoming Trump administration's policies.
Inflation report shows upsurge days before Trump takes office
Consumer prices rose 2.9% in December compared to a year ago, ticking up from the previous month and extending a resurgent bout of inflation just days before President-elect Donald Trump takes office.
Trump poised to take office with inflation threatening to persist
President-elect Donald Trump will re-enter the White House next week against a more challenging economic backdrop than when he was sworn in for the first time in 2017 — starting with the threat of inflation.
US businesses wary of Trump policy impacts, Fed survey shows
The U.S. economy ended 2024 with a slight to moderate increase in activity and a tick upward in employment, the Federal Reserve said on Wednesday, but businesses flagged a range of concerns about the potential for policies under President-elect Donald Trump to push prices higher.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months.
Trump's policies won't push up inflation, economic advisor says
Donald Trump's policies are not likely to cause inflation to reignite as many analysts fear, one of the president-elect's longtime economic advisors told AFP Tuesday, less than a week before
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Trump’s second term agenda to include cutting ‘slackers’ from federal workforce, former OMB official says
Donald Trump has promised to bring back Schedule F, which would exclude thousands of federal employees in policymaking ...
Federal judge clears way for release of special counsel report on Trump election case
Special Counsel Jack Smith's report on his investigation into President-elect Trump for election interference is cleared to ...
Federal judge allows a portion of Jack Smith’s final report on Trump indictments to be released
On Monday, the federal judge presiding over the classified documents case in Florida allowed the Justice Department to ...
Trump Treasury pick Bessent faces Senate grilling on taxes, trade, deficits
President-elect Donald Trump's pick for Treasury secretary, hedge fund manager Scott Bessent, vowed to maintain the dollar's status as the world's reserve currency as he prepared to face questions ...
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Trump’s proposed cuts to the federal workforce could increase dependency on contractors, experts say
Conversely, Trump’s advisory Department of Government Efficiency plans to push for decreasing spending on federal contracts.
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Scott Bessent to testify Trump has 'generational opportunity' to spark 'economic golden age'
If confirmed as Treasury Secretary, Bessent would be tasked with steering federal fiscal policies set by Congress and the ...
Fed’s top Wall Street regulator to step down after Trump’s advisers pushed to demote him
Trump advisers were weighing whether to strip Michael Barr of his leadership role at the Fed, but Barr stepped down from the ...
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How the Fed and Trump could collide in 2025
President-elect Donald Trump and Federal Reserve Chair Jay Powell have clashed before, and there is a chance they will do so again in 2025. Their collision could unfold in multiple ways.
Is Trump inauguration a federal holiday? Will mail run or banks open? What you should know
Here's what you need to know about Donald Trump's Inauguration Day falling on MLK Day. Know how to watch, whether mail will run, if banks will be open ...