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.
White House Protests Congressional Block on Buying Foreign Warships for U.S. Navy
English Summary
The White House (via OMB) strongly protests Congressional efforts within the FY 2027 NDAA to prohibit the purchase of warships from foreign shipyards. The Administration argues that these restrictions undermine national security by limiting flexibility and hindering its strategy of leveraging allied yards, such as in the 'Finland model,' to drive investment into U.S. shipbuilding capacity. This signals a significant policy shift toward integrating international partners into advanced naval construction, suggesting the Pentagon is prepared to bypass traditional domestic build requirements for future combat vessels.
中文摘要
白宮（經由預算管理辦公室，OMB）強烈抗議國會試圖在《2027財年國防授權法案》（FY 2027 NDAA）中禁止採購外國船廠的戰艦。行政部門主張，此類限制會透過縮限彈性並阻礙其利用盟國船廠（例如「芬蘭模式」）來推動美國造船能力的策略，從而損害國家安全。這表明政策出現重大轉變，即將國際夥伴納入先進海軍建構的體系中；暗示五角大廈已準備好為未來的戰鬥艦艇繞過傳統的國內建造要求。
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