Fed-Funds Rate
Benn Steil and Paul Swartz's op-ed in 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.
U.S.-Pakistan
Daniel Markey says that beyond humanitarian aid relief, Washington must focus on boosting Pakistan's economy through greater trade opportunities.
