This post is based on some of the findings of the CFR-sponsored task force, Innovation and National Security: Keeping Our Edge, which was released September 18, 2019. The United States has led th…

The dollar’s rise doesn’t just have an impact on the United States. It has an impact on all those around the world who borrow in dollars. And it can have an enormous impact on those countries that pe…

Foreign Treasury sales, including large sales from reserve managers, made the Fed's job harder, not easier, in March.

China has a new way of calculating its good surplus in its formal balance of payments data. It is a deeply misleading. It also explains the apparent fall in the current account account surplus.

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.