White House press secretary Psaki to leave post next year

White House press secretary Jen Psaki has revealed she intends to leave the post "in a year from now or about a year from now." In a podcast interview with former Obama campaign and White House colleague David Axelrod, Psaki said she doesn't "want to miss moments" with her young children and indicated that she had agreed with President Joe Biden's transition team that she would serve in the role, helming the White House daily press briefing, for about one year.

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Meme stocks and Archegos episodes highlight need for greater hedge fund transparency, Fed financial stability report says

Several recent episodes including “meme stocks” and Archegos Capital Management clearly show how risky and opaque transactions among non-banks can transmit stress into the financial system, the Federal Reserve said Thursday.

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