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August 14, 2018

United States
The Unconstrained Presidency: Checks and Balances Eroded Long Before Trump

This article was originally published in Foreign Affairs.  In the age of Donald Trump, it often feels as though one individual has the power to chart the United States’ course in the world all by …

September 25, 2018

Monetary Policy
Good News! The Federal Reserve is Surviving the Trump Era.

Improbably, the Federal Reserve is surviving the Trump era with its integrity intact. Jerome H. Powell, the Fed chairman since February, is quietly emerging as a skilled Washington operator.

Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking Housing and Urban Affairs Committee hearing.

October 25, 2018

Iran
Iran Is a Threat to the Banking System

At many banks, Nov. 5 will be a scary day. That’s when broad U.S. sanctions are set to be re-imposed on Iran, thereby placing new pressure on its struggling economy and increasing the regime’s desper…

Keep it clean

November 15, 2018

United States
Presidents and War Powers

PDF Version. A review of Michael Beschloss, “Presidents of War” (Crown Books, 2018).  *** The U.S. Constitution vests the president with “executive power” and provides that “The President sh…

Lectern with presidential seal

November 26, 2018

United States
CFR 2018: The Year in Events

In 2018, CFR once again hosted high-level discussions of global affairs, from U.S. election security to the Iran-Saudi Arabia rivalry to the artificial intelligence race.

trudeau