Summers Says U.S. Unemployment Is Now Below Its ‘Natural’ Rate

Summers Says U.S. Unemployment Is Now Below Its ‘Natural’ Rate

CoinDesk

Texas Emerging as Crypto Mining Hub Amid China Crackdown; Texas Blockchain Summit Kicks Off

With talks of China's hash power migrating to the U.S. state of Texas, the Texas Blockchain Summit taking place Friday is focused on very pro-bitcoin conversations, Managing Editor for Markets Brad Keoun tells "All About Bitcoin." Plus, Mt. Gox creditors have voted on a reimbursement plan. Managing Editor for Tech Christie Harkin breaks down what's at stake.///

MarketWatch

IMF board says needs more time to weigh Georgieva’s future at helm of IMF

The executive board of the International Monetary Fund said late Friday that it is seeking more "clarifying details" in its investigation into allegations that the head of the IMF pressured staff at the World Bank to change business rankings for China in an effort to placate that country.

Bloomberg

Summers: U.S. Unemployment Below Natural Rate

Oct.08 -- Former U.S. Treasury Secretary Lawrence H. Summers changes in the U.S. job market caused by the Covid-19 crisis mean that the jobless rate is now likely below levels that trigger inflation even though it remains above its pre-pandemic trend. He also discusses the debt ceiling extension and the global corporate-tax overall with David Westin on Bloomberg Wall Street Week.

Reuters

Jobs rebound, hot inflation bolster case