Biden's Fed Choice, China Slowdown, U.S. Housing Surges: Eco Day.

Economists Lisa Cook and William Spriggs are backed by several key White House officials to fill a vacancy on the Fed Board of Governors China slowed sharply ahead of the Lunar New Year holiday, according to alternative data compiled by Bloomberg Economics U.S. home prices rose at the fastest pace on record, fueled by the lowest mortgage rates in history China and India have begun pulling back troops from their disputed Himalayan border, but other conflict areas haven't been addressed President Joe Biden urged Congress to move quickly on a large infrastructure plan, declaring China is poised to "eat our lunch" The EU will step up appeals to the U.S. to align its foreign policy priorities with the bloc, arguing that a common western front would stand a better chance of forcing China to pursue fairer trade policies Applications for U.S. state unemployment insurance fell slightly last week while claims for federal benefits swelled Canadians appear to be in no rush to draw down about C$150 billion ($118 billion) in extra savings accumulated during the pandemic The U.S. budget deficit will be wider than previously forecast this year, but become narrower further out as economic growth quickens ECB policy makers are airing their boldest views yet on how to introduce climate criteria for their corporate bond-buying program Senate Majority Leader Chuck Schumer said he's "working hard" to include the president's minimum-wage hike in the Covid-19 relief bill Joe Biden's immigration overhaul seeks to allow more skilled foreign workers into the U.S. New Zealand expects delivery of its first Covid-19 vaccine next week. Meantime, James McIntyre writes any reversal in globalization would be bad news for the island nation Mexico's central bank unanimously voted to cut its key interest rate House prosecutors have concluded their case for convicting Donald Trump in his Senate impeachment trial ©2021 Bloomberg L.P. [Extracted from the article]