A European Central Bank plan to normalize monetary policy is on track, says Jens Weidmann, president of Germany's Bundesbank. The ECB aims to end bond buying by year-end, clearing the way for gradual interest-rate increases, Weidmann says, and a forecast of 1.7% inflation in 2020 is in line with stability targets. Reuters (19 Aug.)
US Trade Representative Robert Lighthizer said he hopes for a breakthrough in talks between the US and Mexico about renegotiating the North American Free Trade Agreement. Lighthizer also said he expects Canada might rejoin talks soon. Deutsche Welle (Germany) (17 Aug.)
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