The Federal Reserve’s top banking regulator, Michael Barr, will step down as vice chair for supervision on Feb. 28, remaining as a Fed governor until 2026. His resignation comes amid speculation that President-elect Donald Trump may appoint a replacement who is more bank-friendly, easing potential confrontation. The Fed will not make major decisions on rules and regulations until a successor is named, with Trump having to choose from the current seven board members.
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Israel strikes Yemeni capital Sanaa
Israeli airstrikes on Sanaa, Yemen, targeted military sites in response to recent Houthi missile attacks aimed at Israel, resulting in at least two deaths and five injuries, according to Houthi media. This escalation follows the ongoing conflict in Gaza and marks the Houthis' continued support for Palestinians, with threats to persist despite Israeli retaliation. Want More Context? 🔎
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