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May 29, 2025

Daily News Brief
Federal Court Blocks Most Trump Tariffs

Welcome to the Daily News Brief, CFR’s flagship morning newsletter summarizing the top global news and analysis of the day.  Subscribe to the Daily News Brief to receive it every weekday morning. …

U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025.

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.

June 8, 2025

Economics
The Dollar’s Global Role and the Financing of the US External Deficit

There is too much talk about the dollar's role as a reserve currency, and too little talk about expectations of exceptional returns. Reserve accumulation hasn't driven the financing of the US current…

The Dollar’s Global Role and the Financing of the US External Deficit

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.

June 3, 2025

United States
C. Peter McColough Series on International Economics With Lisa D. Cook

Lisa D. Cook discusses the U.S. economic outlook and monetary policy. The C. Peter McColough Series on International Economics brings the world’s foremost economic policymakers and scholars to add…

Play A sheet of U.S. dollar bills are inspected at a printing facility.

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.

May 30, 2025

Trade
Relief and Realism: Global Reactions to U.S. Tariff Rulings

The U.S. federal court ruling that President Trump had overstepped his authority on imposing tariffs marked a clear setback for the administration. But any global cheering has been tempered by the re…

Employees of Gstar Electronic Appliance Co., Ltd work to assemble air fryers in the factory