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.
Navy Selects 7 MUSV Designs to Enter Prototype Phase
English Summary
The Navy has selected seven industry designs for Medium Unmanned Surface Vessels (MUSVs) to enter a prototype phase, marking a significant shift toward autonomous naval capabilities. Rather than funding bespoke prototypes, the service is adopting a 'marketplace' model that places the research and development risk and investment onus on private shipbuilders. This strategy aims to rapidly field highly capable, containerized systems—capable of long-range travel and carrying diverse payloads—by Fiscal Year 2027. Strategically, this signals a major doctrinal pivot toward modular, autonomous fleets that can rapidly reconfigure combat power without relying on traditional, fixed ship classes.
中文摘要
海軍已選定七款中型無人水面艦（MUSVs）的產業設計方案進入原型階段，這標誌著其自主海軍能力的重大轉型。海軍不再資助客製化的原型艦，而是採用「市場機制」模式，將研發風險和投資責任轉嫁給私人造船商。此策略旨在透過在財政年度 2027 年前，快速部署具備高能力、可容器化、且能夠執行長程航行並攜帶多樣化有效載荷的系統。從戰略層面來看，這代表著海軍正朝向模組化、自主艦隊進行重大教義轉變，使其能夠無需依賴傳統固定艦種，即可快速重組戰鬥力。
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