Foreign media broke the news: Trump's nominee for the director of the U.S. Bureau of Labor Statistics had suggested suspending the release of the monthly employment report
PANews reported on August 12th that according to Fox Business Channel, economist E.J. Antoni, nominated by US President Trump to be director of the Bureau of Labor Statistics, has recommended suspending the agency's closely watched monthly jobs report, citing fundamental flaws in its underlying methodology, economic models, and statistical assumptions. In an interview before Trump's nomination was announced on Monday, Antoni criticized the data behind the monthly jobs report as unreliable and often exaggerated, warning that it misled key economic decision makers from Washington to Wall Street. Antoni stated, "When businesses don't know how many jobs are being added or lost in our economy, how exactly should they plan, or how should the Federal Reserve conduct monetary policy? This is a serious problem that needs to be addressed immediately. Until the problem is corrected, the Bureau of Labor Statistics should suspend the release of the monthly jobs report but continue to publish the more accurate, but less timely, quarterly data." He said, "Key decision makers from Wall Street to Washington, D.C., rely on this data, and a lack of confidence in it can have far-reaching consequences."
Ayrıca Şunları da Beğenebilirsiniz
Crypto execs met with US lawmakers to discuss Bitcoin reserve, market structure bills
Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
The co-founder of CoinDCX was arrested by Indian police on suspicion of fraud; the exchange claims it was a fake website impersonating him.
