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 Taps Project Overmatch Chief to Lead New Drone Effort in Acquisition Shakeup
English Summary
The U.S. Navy is restructuring its acquisition process by establishing a dedicated Portfolio Acquisition Executive for Robotics and Autonomous Systems (PAE RAS). This initiative places Rebecca Gassler, a key figure from Project Overmatch, in charge of overseeing nearly 50 unmanned and autonomous programs, including the Orca UUV and MASC. This consolidation aims to build transparency and speed in delivery, addressing the Pentagon's mandate to rapidly field advanced drone technology. Strategically, the PAE RAS effort is designed to expand naval power, increase operational persistence, and provide integrated autonomous capabilities to degrade adversary tempo.
中文摘要
美國海軍正透過設立「機器人與自主系統投資組合採購主管」（PAE RAS），重組其採購流程。此舉任命了來自「過載計畫」（Project Overmatch）的關鍵人物雷貝卡·加斯勒（Rebecca Gassler）負責監督近五十個無人及自主系統計畫，包括「海豚」無人水下器（Orca UUV）和 MASC。此整合旨在提高透明度和交付速度，以應對五角大廈要求快速部署先進無人技術的指令。從戰略角度來看，PAE RAS的努力旨在擴大海軍力量、提升作戰持續性，並提供整合的自主能力，從而削弱敵方的作戰節奏。
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