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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.

March 25, 2025

Economics
American Views on Economic Leadership

CFR’s RealEcon team traveled across the country to ask Americans what they think of trade, aid, and other international economic policies.

Two men in hard hats and protective glasses on a factory floor.

September 24, 2024

China
Conflicts of Interest in Federal Contracting

Rush Doshi’s testimony to the Senate Committee on Homeland Security and Government Affairs addresses conflicts of interest in federal contracting.

Rush Doshi speaks into the microphone during his testimony.

March 26, 2025

United States
Mar-a-Lago Accord Is Not a Recipe for Success

The Mar-a-Lago Accord refers to a blueprint from one of President Trump’s top advisors that would mark an inflection point for the global economic order—but it is unlikely to get the cross-border coo…

President Donald Trump speaks at Mar-a-Lago in Palm Beach, Florida.

June 15, 2023

United States
The History and Future of the Federal Reserve’s 2 Percent Target Rate of Inflation

The Federal Reserve’s 2 percent target rate of inflation is not strictly empirically derived. Should it modify this target moving forward?

Chair of the Board of Governors of the Federal Reserve Jerome H. Powell participates in a panel during the Central Bank Symposium in Stockholm, Sweden.

July 19, 2023

United States
The Dollar: The World’s Reserve Currency

The dollar’s role as the primary reserve currency for the global economy allows the United States to borrow money more easily and impose painful financial sanctions. Other countries are beginning to …

Three $1 bills lie on top of one another, filling the frame.

March 27, 2024

United States
Modernizing the Federal Student Loan Experience

President Biden wants to modernize the federal student loan system. The U.S. Postal Service and Affordable Care Act can show him how.

Education