The persistence of conceptual errors in Fed monetary policy is a central puzzle in monetary history particularly in light of the enormous costs of Fed failures during the Great Depression.

On April 13, 2012, the US Department of the Treasury released new cost estimates for the Troubled Asset Relief Program. Looking principally at actual and projected contractual cash flows, the document concludes that: "Overall, the government is now expected to at least break even on its financial stability programs and may realize a positive return." 

During two closed sessions before the luncheon, committee members discussed the latest in financial regulation issues. At a luncheon briefing following these sessions, SFRC members gave several statements and answered questions.

Relations between the United States and Turkey must not be allowed to deteriorate further as the partnership could help to resolve important regional issues.

If Turkish and American politicians do not acknowledge and put aside their past mistakes, bilateral relations will continue to sour, impacting Turkey's security and the future shape of Iraq.

Knowing where all our ingredients come from is the first step toward improving drug quality.

While counterfeits must be combated, drugs that are legally but poorly produced, substandard medicines-the subject of today's briefing-tend to get a free pass, even when they kill.

When Vladimir Putin returns to the Russian presidency on Monday, May 7, the pageantry surrounding his inauguration will aim to portray a picture of unassailable strength, a confident master of his domain invulnerable to pressures from within or without. But things are not quite as stable...