Jerome Powell, governor of the U.S. Federal Reserve, listens during a Senate Banking Committee hearing in Washington. (Photographer: Andrew Harrer/Bloomberg)

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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