A red hot 28 kilogram gold bar cools after being removed from its casting mold in a foundry in South Africa. (Photographer: Waldo Swiegers/Bloomberg)

Trump’s Fed Jabs, Global Labor Supply, Canada Tightens: Eco Day

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

  • President Donald Trump stepped up his attacks on Fed Chairman Jerome Powell, saying he “maybe” regrets appointing him -- here’s a timeline of the jabs aimed at Powell over his gradual rate hikes
  • In the event of a market meltdown, Trump’s criticism could come to complicate the Fed’s response. Traders have meanwhile trimmed bets on 2019 hikes amid the tumble in stocks
  • Tom Orlik runs his ruler over changes in demand in the labor market and finds high-skilled workers in developed nations face stiff competition
  • The Bank of Canada pressed ahead with a fresh rate hike and acknowledged for the first time in more than a decade it expects to completely remove monetary stimulus, prompting a jump in the currency
  • Geopolitical storm clouds are no longer gathering over Turkey’s monetary policy, setting the scene for a rare rate pause. In Argentina, a widening inflation gap is raising doubts about demand as protesters clashed with police ahead of the 2019 budget vote
  • While the U.K. still hasn’t hammered out its exit from the EU, a dwindling flow of workers into Britain offers hope to Europe’s labor-starved east
  • The European Central Bank is starting to consider whether the financial crisis changed forever the way it controls rates
  • Central banks are set to increase their purchases of gold in 2018 for the first time in five years as eastern European and Asian countries seek to diversify their reserves
  • On Trump and Powell, Paul Volcker knows a thing or two about presidents trying to pressure the Fed over policy. Here’s a QuickTake on why central banks have suddenly become political punching bags
  • While the U.S. economy is going gangbusters, housing is failing to keep pace. Scott Lanman digs into the details in this podcast
  • Finally, here’s how to travel China’s new $800 billion Silk Road

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