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Curated by Project Syndicate

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.

  1. prasad24_Michael M. SantiagoGetty Images_nyse Michael M. Santiago/Getty Images

    A Weak, Uneven Global Recovery

    Eswar Prasad & Caroline Smiltneks explain why domestic political divisions and inflationary pressures jeopardize current market optimism.
  2. singer230_View PicturesPeter CookUniversal Images Group via Getty Images_cambridge View Pictures/Peter Cook/Universal Images Group via Getty Images

    Will Cambridge Support Free Speech?

    Peter Singer examines the university’s ongoing case against Nathan Cofnas, a research fellow who advocates “race realism.”
  3. bp china economy1 CFOTO/Future Publishing via Getty Images

    Can China Get Out of Its Rut?

    China’s authorities have powerful economic-policy levers at their disposal to achieve their 5% growth target this year and to put the economy on a more sustainable long-term growth path. But several trends – from the shift toward state capitalism to population aging to the loss of goodwill between Chinese and Americans – could thwart China’s ambition to join the ranks of high-income countries by mid-century.

  4. roach164_PEDRO PARDOPEDRO PARDOPOOLAFP via Getty Images_china development forum PEDRO PARDO/POOL/AFP via Getty Images

    China Stifles Its Own Debate

    Stephen S. Roach

    For more than two decades, the China Development Forum was a meeting where foreign business, political, and academic leaders could debate the state of the Chinese economy with the country’s highest leaders. But this year’s gathering eschewed open and honest dialogue, in favor of telling only “good stories” about China.

    bemoans the transformation of the country’s most important platform for open dialogue into a schmooze-fest.
  5. pdoyle1_ISSOUF SANOGOAFP via Getty Images_cfa franc ISSOUF SANOGO/AFP via Getty Images

    Leaving Africa’s Colonial-Era Currency Will Be Hard, But May Be Wise

    Peter Doyle considers how exiting the CFA franc zone could benefit Burkina Faso, Mali, and Niger, despite the challenges.
  6. benami212_Elyxandro CegarraNurPhoto via Getty Images_eumilitary Elyxandro Cegarra/NurPhoto via Getty Images

    Europe’s War Jitters

    Shlomo Ben-Ami urges EU member states to prepare for the possibility of the US abandoning its NATO commitments.
  7. mazzucato62 Getty Images

    Governments Must Shape AI’s Future

    Mariana Mazzucato & Fausto Gernone

    As with social media, the incentives around AI are aligned for rent extraction, where large companies, acting as intermediaries, amass profits at others’ expense. Governments urgently need to step in to ensure that the technology is being designed and brought to market in ways that will serve the common good.

    urge policymakers to see themselves as proactive participants in technological innovation and market-making.
  8. duquemarquez2_ArterraMarica van der MeerUniversal Images Group via Getty Images_guyana Arterra/Marica van der Meer/Universal Images Group via Getty Images

    How Guyana Became Latin America’s Leading Development Lab

    Iván Duque Márquez highlights the current government’s unique approach to managing its renewable and non-renewable resources.
  9. sierakowski107_Beata ZawrzelNurPhoto via Getty Images_poland Beata Zawrzel/NurPhoto via Getty Images

    Beating Back Populists at the Grassroots

    Sławomir Sierakowski interprets the seemingly mixed results of recent municipal and provincial elections in Poland.

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