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December 1, 2014

United States
Former Central Bankers on the Federal Reserve and Financial Stability

Arminio Fraga, former president at the Central Bank of Brazil, Jacob A. Frenkel, former governor at the Bank of Israel, Philipp Hildebrand, former chairman at the Swiss National Bank, and CFR Disting…

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December 1, 2014

United States
Former Central Bankers on the Federal Reserve and Financial Stability

Arminio Fraga, former president at the Central Bank of Brazil, Jacob A. Frenkel, former governor at the Bank of Israel, Philipp Hildebrand, former chairman at the Swiss National Bank, and CFR Disting…

Play

December 19, 2013

Economics
The Federal Reserve Tapers: In Search of Calmer Waters

Yesterday’s decision by the Federal Reserve’s policy committee to modestly reduce (“taper”) its purchases of U.S. Treasury and mortgage-backed securities was a turning point in a number of respects. …

January 11, 2023

United States
How Does the U.S. Government Use the Strategic Petroleum Reserve?

The Strategic Petroleum Reserve, the world’s largest stockpile of emergency crude oil, has helped shield the United States from energy supply crunches, but debate persists over its management.

A photo of steel oil pipelines at a refinery.

June 6, 2012

Trade
Morning Brief: Rising Pressure on Federal Reserve

Europe’s economic woes, a rough May jobs report (Bloomberg), and a recently growing specter of deflation could increase pressure on the Federal Reserve (WSJ). While one Wall Street economist sees clo…

Federal Reserve Board Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on July 21, 2010 (Molly Riley/Courtesy Reuters).