Trump’s Fed Pick, German Worries, U.K. Stimulus: Eco Day

(Bloomberg) -- Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get you through to the weekend:

• President Donald Trump’s pick for the Federal Reserve Board, Judy Shelton, came under fire from Republican lawmakers on Thursday, signaling trouble ahead for her nomination
• Millions of Americans are seeing little return from their expensive college degrees -- even in today’s hot jobs market
• Germany entered 2020 with a flatlining economy and manufacturers in distress, leaving it ill prepared for continued trade uncertainty and the new coronavirus threat.
• Less than a month before a U.K. budget intended to set out Prime Minister Boris Johnson’s post-Brexit economic vision, the reset button has been hit
• Meanwhile, euro-area finance ministers are poised to acknowledge their economy faces the danger of protracted malaise, though they may stop short of calling for wholesale stimulus to address it for now
• The Swiss National Bank is in a bind about how to rein in the franc’s unwanted strength without being labeled a currency manipulator by the U.S.
• The weak link in eastern Europe’s economic advance is being exposed by the malaise afflicting its richer neighbors
• Finally, check out our big economic reads for the week

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, Brian Swint

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