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29.01.26 - 01:12
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US Launches Revamp Of FAA To Improve Safety, Modernize Airspace Operations (ZeroHedge)
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US Launches Revamp Of FAA To Improve Safety, Modernize Airspace Operations
Authored by Aldgra Fredly via The Epoch Times,
The Trump administration on Jan. 26 unveiled what it described as the largest overhaul of the Federal Aviation Administration (FAA) in the agency's history to enhance safety and support modernization efforts.
The overhaul includes launching an airspace modernization office to oversee the installation of a new air traffic control system and creation of an advanced aviation technologies office to oversee the integration of drones and other air mobility vehicles into U.S. airspace, the Department of Transportation (DOT) said in a statement.
The FAA will also move more key leadership posts to permanent roles and consolidate management of finance, information technology, and human resources under the administrator, according to the DOT.
The department said the restructuring of the aviation regulator will not result in workforce reductions.
“It's important that we have the ri...
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29.01.26 - 01:01
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Bloomberg Surveillance: The Fed Decides 1/28/2025 (Bloomberg)
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Jon Ferro and Tom Keene host a special edition of "Bloomberg Surveillance." Federal Reserve Chair Jerome Powell said labor market weakness or a decline in tariff-induced inflation could lead to looser monetary policy after the central bank left rates unchanged. He said the central bank would consider interest-rate reductions if the labor market weakened or if the inflationary effect on goods from tariffs began to wane. (Source: Bloomberg)...
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