Fed Picks, Canada’s Train Threat, Mexico Rate Decision: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help start your day:

  • Here’s a look at how two wildly different economists have become part of President Donald Trump’s contentious effort to shake up the Federal Reserve and its powerful board of governors
  • Mexico’s central bank is projected to cut its key interest rate by a quarter point for a fifth straight decision on Thursday, as stagnant growth prompts officials to lower the highest inflation-adjusted borrowing costs among the world’s biggest economies
  • Escalating protests against a Canadian natural gas pipeline are putting rail shipments of grain, propane, lumber and consumer goods in jeopardy and prompting consternation among executives and lawmakers
  • Mark Carney said he’s lucky he never had to cut interest rates below zero as Bank of England governor
    • Staying in the U.K., Sajid Javid quit as Chancellor of the Exchequer amid a government reshuffle on Thursday, according to a person a familiar with the matter. Javid was due to deliver a budget on March 11
  • European weak economic growth is set to continue this year, the bloc’s executive said, warning that a deadly viral outbreak could further damp the outlook
  • The European Central Bank is testing just how far it can go in fighting climate change
  • Prime Minister Shinzo Abe should act first, not the central bank, if the coronavirus outbreak inflicts severe economic damage on Japan’s economy, according to one of Abe’s economic advisers

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