China's Future–and Our Own

Author: Jerome A. Cohen

In his testimony before the House Foreign Affairs Subcommittee on Asia and the Pacific, Jerome A. Cohen argues that China would benefit at home and abroad by demonstrating increasing respect rule of law, while the United States, by striving harder to set a good example, could do much to improve not only its own society but also its standing in China and the world.

See more in China; Defense Strategy; Economics


Understanding the Chinese Economy

Speaker: Robert Hormats
Speaker: Olin Wethington
Presider: Steven Weisman

Experts discuss the Chinese economy and how President Xi Jinping's strategy might affect global markets.

See more in China; Economics


Misreading the Fed on a Rate Increase

Author: Benn Steil
Wall Street Journal

Benn Steil’s op-ed explains how the mechanics of implementing Federal Reserve monetary policy have changed radically since the crisis. Little known is that the new plumbing is not actually controlled by the FOMC, but by the much smaller Board of Governors. Given that the Board is decidedly more dovish than the FOMC, Fed watchers focused on the latter may be expecting a more aggressive timing and pace of rate rises than is likely.

See more in United States; Monetary Policy

Other Report

Fuel Subsidy Reform

CFR convened roughly twenty experts for an all-day workshop in May 2015 to discuss fossil fuel subsidy reform. This report summarizes the highlights of that discussion.

See more in Global; Economics