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February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

September 6, 2024

Indo-Pacific
Guam’s Strategic Importance in the Indo-Pacific

The island’s proximity to Asia makes it a critical outpost for the U.S. military and a potential hub in the event of regional conflict.

May 8, 2024

China
Second Trump Term Could Be Disastrous for Southeast Asia

A second Trump term could intensify the rivalry between the U.S. and China in Southeast Asia so that regional countries can no longer delicately dance between the giants.

Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign event in Freeland, Michigan, May 1, 2024.

June 11, 2024

China
A Real Pivot to Asia Is Critical to U.S. Interests, Blackwill and Fontaine Argue in New CFR Book

“Washington’s collective inability to respond adequately to growing Chinese power across the 2010s stands as perhaps the most consequential U.S. policy omission since 1945,” argue Ambassador Robert D…

July 13, 2023

Latin America
Central America’s Turbulent Northern Triangle

The United States continues to seek strategies for responding to the growing number of migrants fleeing poverty, violence, and other challenges in the Central American region.

The casket of a migrant teenager who suffocated in a truck in Texas is buried in Guatemala.

May 10, 2024

Asia
What a Second Trump Term Could Mean for Southeast Asia

His aggressive stance toward China could force many in the region to pick a side.

Personal aide John McEntee directs U.S. President Donald Trump as he participates in the U.S.-ASEAN Summit in Manila,

August 15, 2024

Monetary Policy
What Is the U.S. Federal Reserve?

Over the past decade, the Fed kept interest rates low while it deployed trillions of dollars in stimulus and expanded its regulatory oversight. Now, the central bank is back in the spotlight for its …

A stone bald eagle perches on the Federal Reserve building in Washington, DC.

February 1, 2024

United States
Transatlantic Divergence of Economic Outlooks – Implications for Central Bank Policies

Germans and Americans are pessimistic about their economies. While the European Central Bank and Federal Reserve remain committed to fighting inflation, the ECB faces a much tougher task.

Jay Powell

September 19, 2024

Iran
Israel and the Middle East at a Crossroads: How Tehran’s Terror Campaign Threatens the U.S. and our Allies

 Mr. Chairman and Members of the Subcommittee: Thank you for your invitation to testify today on “Israel and the Middle East at a Crossroads: How Tehran’s Terror Campaign Threatens the U.S. an…

Elliott Abrams sits in a black suit and green tie while speaking into a microphone