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Politics and Policy

The New Fed Chair Wants Less Transparency. That’s a Mistake.

Yale SOM’s William English, a former Fed official, writes that a less communicative Fed could undermine monetary policy effectiveness, increase market volatility, and weaken democratic accountability.

Kevin Warsh being sworn in by Justice Clarence Thomas
  • Trump Has a Path Out of the Trade War. Will He Take It?

    By striking down Trump’s tariff authority, write Yale SOM’s Jeffrey Sonnenfeld and co-author Steven Tian, the Supreme Court handed him a chance to retreat from a damaging trade war while claiming credit for a more effective negotiating strategy.

    Shipping containers in a port
  • Why Do Moderate Voters Support Extreme Candidates?

    A new study from Yale SOM’s Minjae Kim addresses why politicians benefit from projecting views that are more extreme than those of their own voters—even though voters say they want representatives who reflect their own beliefs.

    A voter and a child looking at a ballot in a polling place
  • Why Trump Puts His Name on Everything

    The president’s relentless self-branding is intended to signal success and sustain authority, Yale SOM’s Jeffrey Sonnenfeld and Steven Tian argue, but beneath the gold-plated surface lies a deeper fragility.

    A poster of the Trump Gold Card in the Oval Office next to a bust of George Washington
  • How Public Health Transformed Human Life

    For National Public Health Week, Dr. Howard Forman surveys two centuries of interventions that together doubled human life expectancy, a triumph of science, policy, and collective action.

    A vintage drawing of the construction of the London sewer system
  • America’s CEOs Have Become Reluctant Guardians of Democracy

    Yale SOM’s Jeffrey Sonnenfeld and co-author Stephen Henriques argue that as trust in U.S. institutions erodes, business leaders are increasingly compelled to serve as policy advocates, diplomats, and defenders of democratic norms.

    Statues of George Washington and Thomas Jefferson in a wide-angle view of the U.S. Capitol Rotunda
  • How Should Policymakers Respond to Rising Fertilizer Prices?

    The Iran war has driven up the cost of fertilizer, squeezing farmers in the developing world. Prof. Kevin Donovan says that governments can respond most effectively by shifting from broad subsidies to a more targeted approach.

    A farmer holding fertilizer in her hand
  • The Method in Trump’s Madness

    In an excerpt from his new book, Yale SOM leadership expert Jeffrey Sonnenfeld describes his personal history with Donald Trump and argues that the 45th and 47th president’s seemingly chaotic approach masks a consistent, if unconventional, strategic playbook.

    Donald Trump speaking surrounded by microphones
  • Do Treasury and the Fed Need a Relationship Reset?

    On March 18, Prof. William English testified to a House task force considering a “new accord” between the Fed and Treasury, arguing that such an update is unnecessary and emphasizing the importance of Fed independence.

    A U.S. flag flies over the Federal Reserve building in Washington.
  • Removing Government Notices from Newspapers Reduces Citizen Participation in Decision-Making

    Yale SOM’s Anya Nakhmurina finds that weakening a centuries-old requirement to publish public notices about local government actions in newspapers decreases residents’ engagement and may have allowed unpopular decisions to proceed under the radar.

    An illustration of a person reading a newspaper with a hole cut in it at breakfast
  • What Are the Consequences of the Iran War for the Developing World?

    We asked development economist Mushfiq Mobarak how volatility in energy markets and disruption of supply chains and travel will affect vulnerable populations in Asia and Africa.

    People waiting in line with liquefied petroleum gas canisters in Assam, India