Shelton’s Fed Bid, U.S. Wealth Gap, U.K.-Canada Trade: Eco Day

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

  • Judy Shelton’s chance of getting confirmed to the Federal Reserve Board was left hanging by a fraying thread after the Senate left Washington Wednesday for a holiday recess without planning another vote on her nomination
  • Fewer Americans said they were working as the latest wave of the coronavirus infections surge across the U.S., according to data released by the Census Bureau
  • Roger Ferguson, the chief executive of TIAA and a possible Treasury secretary in the Biden administration, said the U.S economy could be 6 percent bigger than it is today if policy makers narrowed the country’s wealth gap

    • In a twist, companies probably will find themselves more in line with the diversity and inclusion policies of President-elect Joseph Biden than with the departing administration of Donald Trump
  • The U.K. and Canada are on the brink of signing a new trade agreement to replace the existing deal Britain has through European Union membership
  • Peru’s interim president appointed veteran economist Waldo Mendoza as his finance minister in a bid to shore up investor confidence shaken by political turmoil
  • Don’t miss the Bloomberg New Economy Forum. Watch here on the Terminal, and here on the web
  • Finally, check this week’s episode of the Stephanomics podcast

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