Powell Warned on EM, Trump Deficit Plan, Italy Worried: Eco Day

(Bloomberg) -- Welcome to Wednesday, Asia. Here’s the latest news from Bloomberg Economics:

Indonesia has a blunt message for Fed chief Jerome Powell and other global financial chiefs gathering in Bali this week: be mindful of the effects of your policies on emerging economies
President Trump will unveil measures soon to address the U.S. federal government’s big budget deficit, his chief economist says; meanwhile, Trump again said the Fed is moving too fast with rate hikes and dismissed concerns about inflation
A worsening U.S.-China trade war is clouding the outlook for Singapore’s monetary policy decision on Friday as just over half of surveyed economists expect a tightening
Tom Orlik discusses how Paul Romer’s Nobel prize for economics helps explain the Trump-led trade war
Inflation may be gradually climbing higher, but Fed chief Powell’s guiding light -- inflation expectations -- look like they are still well anchored
Italy’s finance minister said the government is worried by the “unacceptable” bond yield spread, which yesterday was near the widest in more than five years

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