1。The U.S. is working for a trade pact with China with "significant structural changes" to the economic model of the world's second-largest economy as well as provisions to enforce the agreement, U.S. Trade Representative Robert Lighthizer said in testimony to the House Ways and Means committee. It's too early to tell if China will agree to the U.S. demands, Lighthizer said, even as President Donald Trump plans to invite Chinese leader Xi Jinping for a signing summit to finalize a potential agreement. “This administration is pressing for significant structural changes that would allow for a more level playing field -- especially when it comes to issues of intellectual property rights and technology transfers,” Lighthizer said. ---Seeking Alpha
2。Federal Reserve Chairman Jerome Powell told senators on Tuesday that the Fed won’t strangle the economy with higher interest rates, but some economists clearly don’t believe him. They seem to think the Fed will quickly run out of “patience” and throw the economy into recession sometime in the next two years. Business economists aren’t buying it. The economic policy survey released by the National Association of Business Economists revealed that three-quarters of respondents expect a recession to begin by the end of 2021, with 42% penciling in a downturn in 2020.Those same economists would no doubt tell you that expansions don’t die of old age. Something kills them. And that something is the Fed, which historically has ignored a reliable leading indicator of recession — an inverted yield curve — and continued to raise the benchmark rate even as long-term rates rolled over. ---Market Watch
3。President Donald Trump’s former personal lawyer Michael Cohen is poised to deliver an explosive testimony before Congress on Wednesday. Trump’s former fixer, who once said he would take a bullet for the president, is set to say he is ashamed of his “misplaced loyalty ” to Trump.In his testimony to the House Oversight Committee, he is also expected to include a series of bombshell allegations about the presidential campaign. ---CNBC
1。美国贸易代表Robert Lighthizer在向众议院Ways and Means委员会作证时表示，美国正在尝试与中国达成贸易协定，对世界第二大经济体的经济模式进行“重大结构性变革”以及执行协议的条款。Lighthizer表示，现在判断中国是否同意美国的要求还为时过早，即使总统唐纳德特朗普计划邀请中国领导人习近平参加签署峰会以达成潜在协议。Lighthizer说“本届政府迫切要求（中国）进行重大的结构性改革，以便提供更公平的竞争环境 - 特别是涉及知识产权和技术转让问题时”。 ---Seeking Alpha
2。美联储主席杰罗姆鲍威尔周二告诉参议员，美联储不会以更高的利率扼杀经济，但一些经济学家显然不相信他。 他们似乎认为美联储将很快摆脱“耐心”，并在未来两年内将经济陷入衰退。 商业经济学家不会相信。 全国商业经济学家协会发布的经济政策调查显示，四分之三的受访者预计到2021年底将开始出现经济衰退，42％相信到2020年将有经济衰退。同样的经济学家无疑会告诉你扩张不会老死而是有东西扼杀他们。 美联储在历史上忽略了一个可靠的衰退领先指标 - 收益率曲线倒转 - 并且即使在长期利率下跌的情况下仍继续提高基准利率。---Market Watch
3。唐纳德特朗普总统的前私人律师迈克尔科恩准备在周三向国会提交爆炸性证词。特朗普的前任修理者，曾经说他会为总统接受一颗子弹，他会说他对特朗普的“错误忠诚”感到羞耻。在他向众议院监督委员会作证时，他还预计将包括一系列关于总统竞选的重磅炸弹指控。---CNBC
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