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Share link:In this post: Michael Barr resigned as the Fed’s Vice Chair for Supervision, leaving the bank regulation committee without a leader. Elon Musk’s D.O.G.E. is pushing to audit the Fed’s monetary policy, calling the central bank “absurdly overstaffed.” Trump’s new executive order weakens the Fed’s control over big banks but doesn’t yet touch monetary policy.

Share link:In this post: Trump embarrassed Zelenskiy in the Oval Office, and the U.S. joined Russia and North Korea to block a UN resolution condemning Putin’s invasion of Ukraine. Putin offered the U.S. rare-earth mineral deals, claiming Russia has far larger reserves than Ukraine and is open to working with American companies. The EU is preparing a €20 billion military aid package for Ukraine and drafting tariffs against U.S. goods if Trump imposes trade restrictions.

Share link:In this post: US GDP is on track to shrink by 1.5% in Q1 2025, down from earlier forecasts of 2.3% growth, according to the Federal Reserve Bank of Atlanta. Consumer spending dropped 0.2% in January, while exports weakened, leading to a record $153.3 billion trade deficit that dragged GDP down further. The bond market’s inverted yield curve signals a potential recession, while stocks are volatile, and traders expect three Fed rate cuts in 2025.

Share link:In this post: Billionaire Mark Cuban has offered his help to the technology experts who were laid off from the GSA’s 18F department on Saturday. Cuban advised the laid-off workers to band together and form a new firm, noting that he may even help by investing in the firm. Bluesky users react to Cuban’s offer, as users argue the pros and cons.