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

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss

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