Fed Chair Decision, Global Tax Deal, Worried Americans: Eco Day

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Welcome to Monday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• Whoever ends up running the Federal Reserve in February will struggle to align hikes with hiring goal
  • President Joe Biden will give a speech on the economy and inflation on Tuesday as markets await his decision on the next Fed chair
  • While Jay Powell’s chances of being renominated as Fed chair are strong, the likelihood that current Fed governor Lael Brainard will be chose has risen
• Global tax negotiators hammering out details of a transformative new tax deal are shaping it to maximize its chance of acceptance in the U.S., whose companies face the biggest impact
• Midway through the holiday shopping season, U.S. consumers are finding that their budgets aren’t stretching as far as they had expected
  • Polling data shows Americans say they are worried about inflation, shortages in goods and public schools as the country heads towards 2022 midterm elections
• A celebrity economist campaigning remotely from the U.S. state of Alabama may have an impact on who becomes Chile’s next president
• Venezuela’s ruling socialist party won all but three races for governor in general elections Sunday in a vote market by low turnout
• Canada’s government pledges help for flood-hit British Columbia as the province faces more rain
• Finally, here’s what’s to look out for in the world economy this week

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