Washington Post journalists interviewed South Korean President Park Geun-hye after her meeting with President Obama on May 7, 2013, and the newspaper published excerpts.

CFR Director of International Economics Benn Steil urges the Federal Reserve to swap mortgage-backed securities with the U.S. Treasury in exchange for Treasury securities, which the Fed can then sell as part of a normal process of monetary tightening as a solution for the prospective challenge of containing inflation, buttressing a collapsed housing market, and normalizing its bloated balance sheet.

President Barack Obama and South Korean President Park Geun-hye held a press conference on May 7, 2013. They discussed trade and threats from North Korea.

Since North Korea conducted its latest nuclear test in February 2013, a spiral of heightened international pressure and increasingly threatening provocations by Pyongyang has ensued.

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President Barack Obama and South Korean President Park Geun-hye issued this joint declaration on May 7, 2013. The statement confirms both nations' commitment to the U.S.-Republic of Korea (ROK) Mutual Defense Treaty, U.S.-Korea Free Trade Agreement, Joint Vision for the U.S.-ROK Alliance, and Six Party Talks with North Korea.

Micah Zenko explains why critics of U.S. targeted killing policies should not overlook "similar attacks conducted by allies and partners who receive U.S. money, weapons, or actionable intelligence."

Richard N. Haass discusses his new book, Foreign Policy Begins at Home, in which he puts forward a new foreign policy doctrine of Restoration, where the United States limits its engagement in wars of choice and humanitarian interventions abroad, and focuses on restoring the foundations of its power at home.

Richard N. Haass discusses his new book, Foreign Policy Begins at Home, in which he puts forward a new foreign policy doctrine of Restoration, where the United States limits its engagement in wars of choice and humanitarian interventions abroad, and focuses on restoring the foundations of its power at home.

Paul Volcker discusses the U.S. economy and his career.

Richard N. Haass discusses his new book, Foreign Policy Begins at Home, in which he puts forward a new foreign policy doctrine of Restoration, where the United States limits its engagement in wars of choice and humanitarian interventions abroad, and focuses on restoring the foundations of its power at home.

America's generals understandably spend much of their time worrying about strong countries, notes Richard N. Haass. But in today's world, when the consequences of weakness in the remotest areas can quickly become global, the United States arguably has more to fear from weak countries.

In the run-up to Pakistan's elections, Daniel Markey debates Ambassador Neelam Deo on the relationship between civilian and military power in Pakistan.

Paul Volcker discusses the U.S. economy and his career.

Mandated by the FY2000 National Defense Authorization Act, the Department of Defense's annual report discusses China's military and security strategies, technological advancements in its capabilities, military doctrine, and security issues in the Taiwan Strait.

CFR Senior Fellow for Energy and the Environment and author of The Power Surge Michael A. Levi and former Office of Management and Budget director discuss America's energy future.

The Internet's growing role in economies and societies also poses new threats. The time has come for states and private partners to set global norms for web conduct, says expert Andrea Renda.

A number of countries, including the United States, the United Kingdom, Turkey, and Qatar, have been providing support to the opposition in various forms, ranging from humanitarian aid to military supplies, such as weapons, armor, and communication devices. However, these efforts have not been enough to turn the tide, and after three years of fighting, a diplomatic solution still seems unlikely.

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Benn Steil and Dinah Walker explain why the Fed's massive holdings of mortgage-backed securities (MBS) are distorting its thinking about the conduct of monetary policy going forward. They propose a novel plan to rectify this, in which the Fed swaps its MBS with the Treasury in return for Treasury securities, which the Fed can sell as part of a normal "exit" from monetary stimulus.

A preview of world events in the coming week from CFR.org: South Korean President Park visits the United States; Pakistan holds its general election; and French president Francois Hollande and Russian president Vladimir Putin mark one-year anniversaries in office.

Stewart Patrick and Alexandra Kerr make recommendations to improve the counterterrorism efforts of the United States and its allies, in conjunction with CFR's Global Governance Report Card, published by the International Institutions and Global Governance program.