Authors: Benn Steil and Paul Swartz Wall Street Journal
Benn Steil and Paul Swartz's op-ed in the August 19 edition of the Wall Street Journal explains why the Fed must give up control over the setting of the Fed funds rate--or indeed any interest rate--in order to implement its announced exit strategy. But they argue that evidence from the eurozone suggests strongly that the Fed will be unwilling to relinquish control over rates.
Authors: Charles A. Kupchan, Federiga Bindi, and Justin Vaisse International Herald Tribune
Federiga Bindi, Charles Kupchan, Justin Vaisse write that, "Sarkozy offered a brand of EU leadership that works, reviving the Union...the Obama administration should recognize this for what it is - the stirrings of the more capable and collective European partner that the United States so sorely needs."
This essay assesses the need for deeper integration in the European Union, while questioning where the current European leadership has the vision to implement such reforms in the wake of the euro crisis.
Massive flight from Middle East and North African turmoil has highlighted immigration problems plaguing the European Union, says Jean-Phillipe Chauzy of the International Organization for Migration. He says the EU must address comprehensive reform and also invest in countries like Tunisia to stem the long-term flow of migration.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.