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Bordetsky, who joined VC firm NEA in 2021, has backed startups including Perplexity and Ceramic AI.

(Bloomberg) -- Subscribe to Economics Daily for the latest news and analysis.Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Gives New York ‘One Last Chance’ to End Congestion FeeTrump Administration Takes Over New York Penn Station RevampThe Racial Wealth Gap Is Not Just About MoneyNashville’s $3 Billion Transit Plan Brings a Call for Zoning ReformWorld economic and finance chiefs want an off-ramp from the worst global trade crisis in a century.

Bitcoin touches $87,000 as Trump’s feud with the Federal Reserve triggers economic uncertainty.

(Reuters) -Anna Nordstrom was tapped Monday as the permanent head of the Federal Reserve Bank of New York's Markets Group, a role she takes on immediately, the bank said in a press release on Monday. Nordstrom, who has been with the New York Fed since 2008, had been serving as interim leader of the Markets Group since December after then Markets chief Michelle Neal announced her resignation, which took effect in March. Before assuming her role in the Markets Group, Nordstrom held a number of roles in the bank's work on financial markets.

NEW YORK (Reuters) -Americans' view on labor markets soured in March as respondents to a Federal Reserve Bank of New York survey sharply trimmed back the payrate they said would get them to take a new job. The bank reported as part of its Survey of Consumer Expectations that the so-called reservation wage for a new job fell to $74,236 last month, versus the series high of $82,135 seen in November data. Consumers have reported rising anxiety about the outlook and near-term inflation as President Donald Trump has launched a global trade war while at the same time working to eviscerate the federal government.

Klaus Schwab, the founder of the World Economic Forum, best known for hosting an annual meeting of political, business and other elites in the Swiss Alpine town of Davos, is retiring as chairman more than a half-century after creating the Geneva-based think tank, the forum said Monday. The forum quoted Schwab, 87, in a statement as saying he was stepping down “with immediate effect." A search committee has been set up to choose a permanent successor.