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.
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.
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.
CFR Senior Fellow for Energy and the Environment and author of The Power SurgeMichael A. Levi and former Office of Management and Budget director discuss America's energy future.
Asked by Jake C., from University of Texas at Tyler
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.
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.
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.
Only by getting its own house in order will the United States be in a position to set an example other societies will want to emulate, argues CFR President Richard N. Haass. And only by fixing itself will the United States possess the resources necessary to discourage or deal with the emergence of a serious political and military competitor.
Under the security cooperation agreement called the Merida Initiative, the United States provides military and law enforcement assistance to the Mexican government in support of efforts to combat drug cartels and organized crime. The United States and Mexico jointly developed this agreement in response to a substantial increase in drug-related criminal activity and violence on both sides of the border.
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.
The urge to gloat at America's imperfections and struggles ought to be resisted, says Richard N. Haass. The rest of the world's stake in American success is nearly as large as that of the United States itself.
In light of recent reports of chemical weapons being used against Syrian civilians, Gayle Tzemach Lemmon highlights frustrations felt by some State Department employees at the lack of response from the White House.
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.
Special operations play a critical role in how the United States confronts irregular threats, but to have long-term strategic impact, the author argues, numerous shortfalls must be addressed.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.
Two experts argue that despite myriad development strategies, only one can succeed in alleviating poverty in India: the overall growth of the country's economy. More
