It\u2019s the start of a new week, and we\u2019re here to provide a quick round-up of the top stories from the last week. Here\u2019s what you need to know:<\/p>\n
Trump Admits \u2018Mistake\u2019 In Passing Over Kevin Warsh For Fed Chair In 2017<\/p>\n
President Donald Trump has admitted to making a significant error in not appointing Kevin Warsh as the Federal Reserve Chair in 2017. Trump acknowledged this as a \u201creally big mistake\u201d and attributed it to the influence of his former Treasury Secretary. This revelation was made during an interview with Fox Business.<\/p>\n
Trump revealed that Warsh was his initial choice for the position, but then-Treasury Secretary\u00a0Steven Mnuchin swayed him.\u00a0Warsh\u00a0was the runner-up in the selection process that ultimately led to Jerome Powell becoming the central bank\u2019s leader.<\/p>\n
Read the full article\u00a0here<\/a>.<\/p>\n Goldman Sachs Highlights 7 Stocks To Benefit From Memory Shortage<\/p>\n Giuni Lee, an analyst at Goldman Sachs, stated that the supply\/demand landscape for memory chips is currently one of the tightest in over a decade.<\/p>\n Read the full article\u00a0here<\/a>.<\/p>\n Trump Tariffs Backfired: 94% Of Economic Burden Fell On US Importers, NY Fed Says<\/p>\n A report released by the Federal Reserve Bank of New York revealed that American businesses and consumers, rather than foreign exporters, bore nearly the entire financial burden of the 2025 tariffs. Despite a significant increase in the average U.S. tariff rate from 2.6% to 13%, foreign prices did not drop significantly to offset the hike.<\/p>\n Read the full article\u00a0here<\/a>.<\/p>\n US Economy Adds 130,000 Jobs In January<\/p>\n The U.S. economy added 130,000 jobs in January, according to data released by the Bureau of Labor Statistics. However, this figure was overshadowed by a major revision that saw over a million jobs vanish. The initial report had indicated a gain of 467,000 jobs in January, but this was revised to a loss of 533,000 jobs.<\/p>\n