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April 24, 2024

Cuba
U.S.-Cuba Relations

Cuba has long been a major foreign policy challenge for the United States. President Biden is the latest U.S. leader to grapple with how to balance democracy promotion with the desire for a better bi…

A man shows U.S. and Cuban flags at his house in Havana.

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.

April 16, 2024

Emerging Markets
Central Bank Governance in Emerging Markets

Central bank governors from some of the largest emerging markets discuss the economic outlook in their countries, how their banks have addressed global inflation, and opportunities for sustained econ…

Play Containers are being transported at Nansha port in Guangzhou, China on a sunny day.

February 2, 2023

Economics
Three Steps to Strengthen the U.S. Treasury's Foreign Exchange Report

The analytics used in the U.S. Treasury's Foreign Exchange Report should be updated to better capture the significant state flows that no longer appear as part of many country's disclosed foreign exc…

Monitors displaying the stock index prices and Japanese yen exchange rate against the U.S. dollar at the Tokyo Stock Exchange

September 5, 2017

Trade
Looking Back at the Impact of Real Exchange Rate Moves on Exports

G-3 exchange rate moves over the past four years have had expected impacts on trade flows

Looking Back at the Impact of Real Exchange Rate Moves on Exports

January 19, 2011

China
U.S.-China Exchange Rate Thicket

China’s exchange rate policy will dominate the economic dialogue between the United States and China during President Hu’s state visit to Washington. There’s scant hope differences can be resolved, s…