President Biden taps economists for Fed governors’ seats, Sarah Bloom Raskin as vice chair for supervision

The White House has officially tapped former Fed governor Sarah Bloom Raskin to serve as the vice chair for supervision for the Federal Reserve, as well as economists Lisa Cook…

Continue ReadingPresident Biden taps economists for Fed governors’ seats, Sarah Bloom Raskin as vice chair for supervision

Coinbase announces 'nearly the entire company will shut down' for four weeklong breaks in 2022 to allow workers to recharge

Major U.S. crypto exchange Coinbase will be giving its employees one week off each quarter in 2022 to recharge after “long days and long weeks” of intense work.In a Monday…

Continue ReadingCoinbase announces 'nearly the entire company will shut down' for four weeklong breaks in 2022 to allow workers to recharge

President Biden is considering economists to fill Fed seats as leadership nominations move to Senate: Report

The White House is reportedly considering an Obama-era economic adviser and former Fed economist to fill the empty seats on the board of governors of the Federal Reserve System in…

Continue ReadingPresident Biden is considering economists to fill Fed seats as leadership nominations move to Senate: Report