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In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has deli ....
In four years. The bbc has been told that Sir Keir Starmer s Chief Of Staff received a Pay Rise after the election which means she is now paid more than the Prime Minister. Sue gray asked for and was given a salary of £170,000 £3,000 more than the pm and more than any cabinet minister. 0ur political correspondent, henry zeffman, has more. I knew that there were tensions at the top of government and this Storys Existence in some way from Chris Mason and me attests to those, but my phone has practically blown up in the hours since we published this story yesterday, with people across Whitehall And W ....