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August 23, 2017

Monetary Policy
G-3 Coordination Failures of the Past Eight Years? (A Riff on Cœuré and Brainard)

The world would be in a better place today if the ECB and BoJ had joined the Fed in quantitative easing early on. Their lag in easing contributed to the policy gap that led to the dollar's large 2014…

G-3 Coordination Failures of the Past Eight Years? (A Riff on Cœuré and Brainard)

October 11, 2019

United States
Happy 244th Birthday to the U.S. Navy!

The U.S. Navy turns 244 years-old this weekend. On October 13, 1775, the Continental Congress commissioned two ships, each with eighty sailors, “for intercepting such transports as may be laden with …

U.S. Navy

August 15, 2019

Election 2020
Meet Elizabeth Warren, Democratic Presidential Candidate

As politicians, Ronald Reagan and Elizabeth Warren are opposites. He wanted to unleash the power of the market; she wants to curtail its abuses. But for all of their policy differences, the two share…

Elizabeth Warren

April 22, 2019

North Korea
Deterrence and Detente on the Korean Peninsula

At this time of uncertainty, the U.S.-ROK alliance needs a strategy that supports best-case outcomes but also hedges against worst-case scenarios.

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March 18, 2019

Diplomacy and International Institutions
Trump Is Repeating the Mistakes of America’s Interwar Isolationists

The Trump administration is repeating the mistakes of America’s interwar isolationists, who believed that the nation could and should insulate itself from global troubles. To understand this attitude…

U.S. President Donald J. Trump, Acting U.S. Secretary of State Mike Pompeo and U.S. National Security Adviser John Bolton hold a news conference after participating in the NATO Summit in Brussels, Belgium on July 12, 2018.

June 18, 2018

Conflict Prevention
More, Better Assessments Can Help Prevent Conflict

The United States could do more to effectively help prevent violent conflicts around the world.

U.S. Secretary of State Mike Pompeo

December 27, 2017

United States
Ten American Foreign Policy Influentials Who Died in 2017

Year’s end is a time for taking stock, counting successes, and assessing failures. It is also time for remembering those who are no longer with us. Here are ten Americans who died in 2017 who through…

American obituaries

July 20, 2017

Monetary Policy
Can the Fed and ECB Work Together To Reduce Imbalances?

Fed Governor Lael Brainard’s speech on central bank coordination last week was quite interesting—I think it should be read for far more than a signal on when the Fed is likely to next raise the polic…

July 10, 2017

Turkey
The Massive Protest Putting Turkey's Erdogan on the Defensive

The March on Justice, organized by opposition leader Kemal Kilicdaroglu, puts Turkish President Recep Tayyip Erdogan in a bind: He can try to stop it, risking violence, or he can let it go on and wat…

TurkeyMarchJustice

September 27, 2016

Trade
A Winning Trade Policy for the United States

The Renewing America initiative is releasing today a new paper entitled, “A Winning Trade Policy for the United States,” co-authored by myself and CFR adjunct senior fellow Robert Litan. The paper is…

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