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.
CSIS Names Thamar Harrigan Chief of Staff of the Economic Security and Technology Department
English Summary
CSIS has appointed Thamar Harrigan as the Chief of Staff and Director of Operations for its Economic Security and Technology Department. Harrigan brings extensive experience from the U.S. Trade and Development Agency and a background in international trade law to help drive the department's strategic and programmatic priorities. This leadership addition is intended to enhance the department's operational capacity and sharpen its research outputs on global markets and advanced technologies. The move strengthens CSIS's ability to provide practical policy solutions at the critical intersection of economic security and technological competition.
中文摘要
CSIS（戰略與國際研究中心）已任命 Thamar Harrigan 擔任其經濟安全與技術部門的幕僚長兼營運總監。Harrigan 擁有美國貿易發展署（USTDA）的豐富經驗以及國際貿易法的背景，將協助推動該部門的戰略與計畫優先事項。此次領導層的加入旨在增強該部門的營運能力，並精進其在全球市場與先進技術方面的研究成果。此舉強化了 CSIS 在經濟安全與技術競爭的關鍵交匯點上提供實際政策解決方案的能力。
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