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Good morning Americas. Here's the latest news and analysis from Bloomberg Economics to help get your day and week started:
- Chairman Jerome Powell's frequent assurance that sustaining the U.S. economic expansion is the Federal Reserve's “overarching'' goal is opening the door to potentially aggressive interest-rate cuts
- Meanwhile former Fed Vice Chairman Stanley Fischer predicted President Donald Trump won't renominate Powell for another term as the U.S. central bank's chairman if re-elected
- About to break records for the longest expansion, the U.S. economy sure looks like an asset for a president gearing up to seek re-election. Still, others are more concerned with spotting a recession
- It's big week for central banks as the Bank of Japan and Fed and Bank of England all meet. A majority of economists now see the BOJ ramping up easing measures as its next policy move
- This week also sees the annual European Central Bank summer retreat -- Mario Draghi's last as President -- and likely to be somewhat somber as policy makers weigh limp inflation and dark economic clouds ahead
- There's reason to believe that Chinese policy makers do have the “tremendous room” for more easing that People's Bank of China Governor Yi Gang cited earlier this month
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, Zoe Schneeweiss
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