Source: New York Times
Here’s what to expect in the week ahead:
Economy
Central bankers will debate economic policy.
The mysteries of how prices and wages are determined will be the theme of discussions by economists and central bankers at the European Central Bank’s annual forum, which starts on Monday in Sintra, Portugal. The participants will debate questions such as why wages in many developed countries have been stagnant and what effect powerful online business like Google and Amazon have on consumer prices.
The event concludes on Wednesday with a panel discussion that will include Jerome H. Powell, the president of the Federal Reserve; Mario Draghi, the president of the European Central Bank; and Haruhiko Kuroda, governor of the Bank of Japan.Trade
Senate to vote on amendment blocking Trump’s ZTE deal.
The Senate is expected to vote on Monday on a provision that would restore harsh penalties on ZTE, the Chinese telecommunications giant that violated American sanctions, setting up a rare fight between lawmakers and the White House. The measure, tucked into a broader military policy bill, is supported by both Republicans and Democrats. It would undo an agreement reached in recent weeks by the Commerce Department to have the company pay a $1 billion fine, replace its senior leadership and allow American inspections in exchange for relief from the penalties. But senators must first reconcile their military bill with one passed by the House, and the White House has vowed to use that weekslong negotiation to try to kill the ZTE provision before it can become law.
TRADE
Small businesses’ trade concerns may chill reception of Trump.
President Trump will speak at the 75th anniversary lunch of the National Federation of Independent Business on Tuesday.
The White House said that his remarks would focus on the benefits of the Republican tax overhaul and the administration’s deregulation agenda. While small business optimism has been on the rise as a result of some…The post Central Bankers Will Debate Policy, and OPEC Meets on Output appeared first on FeedBox.