Federal Reserve Committee Convenes, U.S. Leads UN Security Council, and More

The U.S. Federal Reserve is poised to raise interest rates, the United States assumes the presidency of the UN Security Council, and Japan marks Constitution Memorial Day as the country makes changes to its defense and security policy.

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Hosts
  • James M. Lindsay
    Senior Vice President, Director of Studies, and Maurice R. Greenberg Chair
  • Robert McMahon
    Managing Editor

Show Notes

The U.S. Federal Reserve is poised to raise interest rates, the United States assumes the presidency of the UN Security Council, and Japan marks Constitution Memorial Day as the country makes changes to its defense and security policy.

 

Articles Mentioned on the Podcast


Kali Robinson, “How Russia’s War in Ukraine Could Amplify Food Insecurity in the Mideast,” CFR.org, April 21, 2022

 

Experts and Interactives Mentioned


Sheila Smith, CFR


Sheila Smith, “Constitutional Change in Japan,” CFR.org, March 11, 2021

Climate Change

All twenty-seven European Union (EU) member states vote in European Parliament elections with polls showing right-wing parties poised to gain more seats; the Group of Seven (G7) leading industrial democracies meet in Italy with a sizable agenda, including support for Ukraine and trade concerns with China; the United States prepares for an above-normal hurricane season; and the Organization of the Petroleum Exporting Countries and partner exporters, known as OPEC+, extend oil output cuts.

NATO (North Atlantic Treaty Organization)

U.S. President Joe Biden faces increasing international and domestic pressures on his policy toward the Israel-Hamas war amid worsening humanitarian conditions in the Gaza Strip; Western leaders commemorate the eightieth anniversary of D-Day with Russia’s war in Ukraine front of mind; Mexico holds massive general elections that are likely to usher in the country’s first woman president; and North Korea tests new satellite and missiles.

Iran

Iran’s regime carefully vets candidates for new presidential elections after the death of President Ebrahim Raisi in a helicopter crash; Israeli leadership reacts to the International Criminal Court (ICC) request for warrants to arrest Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant; South Africa prepares for a general election that could contest the ruling African National Congress’ long-standing majority; and Taiwan inaugurates Lai Ching-te as the new president, aggravating China.

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France

Far-right advances in the European Parliament elections have destabilized politics in France, a longstanding pillar of the European Union, and highlighted fault lines in the bloc.

Russia

Outright seizure of the Russian Central Bank’s hundreds of billions in frozen assets is currently off the table, but it is still possible to obtain large sums for Ukraine from the interest income on these assets.

Election 2024

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: President Joe Biden spoke with Time magazine about the importance of alliances to U.S. security.