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.
U.S. Tests Using Drones to Track, Target Suspected Narco Boats
English Summary
The U.S. Navy recently conducted a Fleet Experimentation (FLEX) exercise utilizing drones and artificial intelligence to track and target suspected narco boats in the Caribbean Sea. The exercise, involving both aerial and surface unmanned systems alongside manned platforms, demonstrated rapid acquisition and deployment of advanced robotic and autonomous systems to enhance maritime domain awareness and counter illicit trafficking. This initiative, part of Operation Southern Spear, aims to address the challenge of patrolling vast maritime regions and leverages partnerships with industry and international allies to combat transnational organized crime.
中文摘要
美國海軍近期展開了一項艦隊實驗（FLEX）演習，運用無人機和人工智能技術於加勒比海監控並鎖定疑似販毒船隻。該演習結合了空中和水面無人系統與載人平台，展現了快速獲取和部署先進機器人及自主系統的能力，以增強海上管轄領域意識並對抗非法販運。此項計畫是「南方長矛行動」的一部分，旨在應對巡邏廣闊海域的挑戰，並透過與業界夥伴及國際盟友的合作，共同打擊跨國有組織犯罪。
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