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The Fed's Next Head

15 commentaries

US Federal Reserve Chairman Ben Bernanke's aggressive response to the 2008 financial crisis has been both praised and scorned. As Bernanke's term nears its end and the race to succeed him heats up, Project Syndicate's experts consider the future of Fed policy – and what it means for the global recovery.

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  1. Fischer, the Fed, and US Growth

    Fischer, the Fed, and US Growth

    Dec 23, 2013 Jeffrey Frankel endorses the recent selection of Stanley Fischer to succeed Janet Yellin as Vice Chair of the Federal Reserve Board.

  2. The Fed’s Surprise and Yellen’s Challenge
    pa217c.jpg Paul Lachine

    The Fed’s Surprise and Yellen’s Challenge

    Oct 10, 2013 Mohamed A. El-Erian on the Federal Reserve's declining effectiveness.

  3. Whose Central Bank?
    pa4129c.jpg Paul Lachine

    Whose Central Bank?

    Aug 31, 2013 J. Bradford DeLong thinks the Fed should be a steward of the economy, not of big banks.

  4. US Interest Rates Will Continue to Rise
    ve1665c.jpg Chris Van Es

    US Interest Rates Will Continue to Rise

    Aug 28, 2013 Martin Feldstein on the sources of upward pressure on us interest rates.

  5. The Greenspan Temptation
    pa3989c.jpg Paul Lachine

    The Greenspan Temptation

    Aug 27, 2013 Simon Johnson on the power of the Chairman of the Federal Reserve.

  6. The Changing of the Monetary Guard
    dr4573c.jpg Dean Rohrer

    The Changing of the Monetary Guard

    Aug 5, 2013 Joseph E. Stiglitz endorses Janet Yellen to head the US Federal Reserve.

Our Pick

Featured

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    The Middle East Needs a Ceasefire Now

    Daoud Kuttab explains why the latest escalation could lead to a truce instead of an all-out military showdown.
  2. moreiradasilva2_JOHN WESSELSAFP via Getty Images_internally displaced mozambique JOHN WESSELS/AFP via Getty Images
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    Overcoming the Development-Project Implementation Gap

    Jorge Moreira da Silva highlights ways to strengthen the International Development Association’s already-powerful impact.
  3. diwan27_ LUIS TATOAFP via Getty Images_kenya green energy LUIS TATO/AFP via Getty Images
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    Developing Countries’ Liquidity Crisis Is Not Over

    Ishac Diwan & Vera Songwe urge global policymakers to prevent mass insolvency and finance urgent climate projects.
  4. rodrik221_SAUL LOEBAFP via Getty Images_bidenintel Saul Loeb/AFP via Getty Images
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    America’s Manufacturing Renaissance Will Create Few Good Jobs

    Dani Rodrik

    Many countries’ recent experiences show that boosting manufacturing employment is like chasing a fast-receding target. Automation and skill-biased technology have made it extremely unlikely that manufacturing can be the labor-absorbing activity it once was, which means that the future of “good jobs” must be created in services.

     shows why policies to boost employment in the twenty-first century ultimately must focus on services.
  5. GettyImages-148081044
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    Minxin Pei on China’s economy, surveillance state, repression of dissent, and more

    Minxin Pei doubts China’s government is willing to do what is needed to restore growth, describes the low-tech approaches taken by the country’s vast security apparatus, considers the Chinese social-credit system’s repressive potential, and more.
  6. alton1_ Mark KerrisonIn Pictures via Getty Images_end genocide protest Mark Kerrison/In Pictures via Getty Images
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    Who Should Decide If It’s Genocide?

    David Alton, et al. urge British policymakers to take a proactive approach to addressing mass-atrocity crimes.
  7. jlevy3_MANDEL NGANAFP via Getty Images_imfworldbankmeetings Mandel Ngan/AFP via Getty Images
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    The Bretton Woods Institutions We Need

    Joaquim Levy, et al. explain how the International Monetary Fund and the World Bank can rise to current global challenges.
  8. gill6_NIPAH DENNISAFP via Getty Images_poverty NIPAH DENNIS/AFP via Getty Images
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    The World Cannot Afford to Ignore the Poorest Countries

    Indermit Gill & M. Ayhan Kose warn that a growing gap between the world’s haves and have-nots will undercut global goals.
  9. summers14_TONY KARUMBAAFP via Getty Images_sudanfamine Tony Karumba/AFP via Getty Images
    1

    The World Is Still on Fire

    Lawrence H. Summers & N.K. Singh

    For the last several years, world leaders have made big promises and laid out bold plans to mitigate the climate crisis and help the neediest countries adapt. At this year's World Bank/IMF Spring Meetings, they must demonstrate that they can fulfill these promises, rather than simply touting new ones.

     think policymakers need to get four things right to shore up the credibility of the international system.

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