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.
2 Naval Aviators Safe After T-45 C Goshawk Crashes in Mississippi, Some Training Flights Paused
English Summary
A recent T-45C Goshawk crash in Mississippi has temporarily paused training operations, underscoring persistent safety concerns within the Navy's aging carrier training fleet. The frequency of recent incidents, coupled with the platform's history of malfunctions, suggests systemic operational risks that require immediate investigation. Strategically, these repeated safety issues reinforce the critical need for the Navy to accelerate its transition to a new Undergraduate Jet Training System (UJTS), as current operational readiness remains vulnerable until replacement aircraft are fielded.
中文摘要
近期發生於密西西比州的 T-45C Goshawk 墜機事件，暫停了訓練作業，凸顯了海軍老化艦載訓練機隊中持續存在的安全隱憂。近期事件的頻率，結合該平台歷史上故障的記錄，顯示出需要立即調查的系統性營運風險。從戰略角度來看，這些反覆發生的安全問題，再次強化了海軍加速過渡至新型學徒噴射訓練系統（Undergraduate Jet Training System, UJTS）的迫切需求，因為在替換飛機投入使用之前，目前的作戰準備度仍處於脆弱狀態。
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