The article argues that the Federal Reserve's recent rate hike decision, while justifiable on inflation grounds, highlights a critical lack of an underlying, transparent policy framework. The core problem is that the Fed's decisions appear discretionary, leading to market uncertainty because the committee's judgment, rather than clear data, dictates policy shifts. The author proposes that the Fed adopt a formal monetary policy rule—an algebraic formula linking the target rate to indicators like inflation and unemployment—to replace subjective guidance. Implementing such a rule would provide market predictability, enhance transparency, and shield the Fed from political attacks by making deviations from the standard easily quantifiable.
Justice for Women and Girls: An Assessment of the 70 th UN Commission on the Status of Women
English Summary
The 70th UN Commission on the Status of Women adopted comprehensive Agreed Conclusions to enhance legal access and justice for women and girls, prioritizing violence prevention (including online), reform of discriminatory national laws, and gender-responsive budgeting. The adoption marked a historic first: it required a recorded vote (37 in favor, 1 against) rather than consensus after the United States objected to language on gender definitions and reproductive health rights. The outcome demonstrates strong international commitment to gender equality and legal reform, though implementation faces challenges from funding constraints and ongoing political polarization over women's rights.
中文摘要
第七十屆聯合國婦女地位委員會通過了全面的商定結論，旨在增強婦女和女童的法律途徑和司法公正，優先考慮預防暴力（包括網路暴力）、改革歧視性國家法律，以及推動性別回應預算。此次通過具有歷史性意義：由於美國反對有關性別定義和生殖健康權利的措辭，這項決議最終採取了記錄投票（37票贊成，1票反對）而非協商一致的方式。儘管在資金限制和圍繞婦女權利的持續政治兩極分化下，實施面臨挑戰，但結果顯示了國際社會對性別平等和法律改革的堅定承諾。
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