No Worries Powell, Mega-Firm Rise, Big Government Rerun: Eco Day

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

Jerome Powell had a ready answer to counter criticism that the Fed is running risks with inflation, as he signaled it will maintain aggressive support as the U.S. recovery gathers speed
The world’s biggest firms are doing great -- but that might not be such good news for everybody else, says Justin Jimenez
Big government is back. Four decades after Ronald Reagan’s philosophy of lowering taxes and shrinking government took hold Joe Biden is turning U.S. economic policy in the opposite direction
Tickets for everything from domestic flights to theme parks are rapidly selling out in China ahead of its Labor Day holiday
Australian Treasurer Josh Frydenberg said the jobless rate will “need to have a four in front of it” to generate faster wage growth and higher inflation, signaling a willingness to keep the fiscal spigot open
Did China lowball first-quarter GDP? Chang Shu looks at the evidence
Here’s why the New Zealand central bank’s policy committee has never needed to vote
Cut, Hike, Hold -- Bloomberg Economics previews central bank meetings
One large option bet built up over the past week is aiming for a surprise at the Kansas City Fed’s annual symposium in Jackson Hole
The Biden administration is in talks with the EU to avoid an escalation in a dispute over tariffs on European metals exports
MNC Group will invest in entertainment venues and events like a music festival modeled after Coachella to lure in young Indonesians