This Week In The Economy: Impeachment Watch, Brexit Uncertainty, Much Still To Do In China-US Talks, ECB’s Draghi Exits Stage Left

Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

Impeachment Update: Damning Testimony From U.S. Envoy To Ukraine

This week saw a major development in House Democrats ongoing impeachment inquiry into President Donald Trump, with damaging testimony by Ambassador William Taylor appearing to draw a direct line between the withholding of security assistance to Trump’s desire for a public investigation by Ukraine into Democratic presidential candidate Joe Biden and his son.

Taylor, the top U.S. diplomat in Ukraine, told House investigators on Tuesday that Trump conditioned the release of military aid on the Ukrainian…