Institutional power file · US central bank
Federal Reserve
How delegated authority, the FOMC and economic constraints shape US monetary power.
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7 related pieces2026-09-23
News
News
Federal Reserve Raises US Interest Rates by Quarter Point as Inflation Remains Elevated
The FOMC voted unanimously to lift the federal funds target range to 3.75%-4%, citing persistent inflation alongside solid economic activity.
2026-09-16
Analysis
Analysis
The Fed's Inflation Problem Is Now Entangled With Middle East Geopolitics
Energy shocks from the Iran conflict are complicating US monetary policy, showing how quickly foreign-policy crises can become domestic economic constraints.
2026-10-31
Analysis
Analysis
Alaska's Senate Certification Lawsuit Tests Whether Washington Can Pause a State Election
A federal request for a conditional injunction over two similarly named candidates raises a question that reaches beyond one Senate seat: who has authority to delay certification?
2026-10-30
Analysis
Analysis
US Midterm Voting Dispute Puts the Boundary Between Federal and State Power Before a Judge
Days before the 3 November election, a federal court is demanding disclosure of Justice Department letters to state election officials. The issue is authority, evidence and the limits of emergency judicial intervention.
2026-10-11
Analysis
Analysis
A Federal Judge Has Drawn a Boundary Around Washington's Role in Voter Rolls
The October 9 ruling vacates a Justice Department voter-list policy on statutory and privacy grounds. It does not bar lawful eligibility checks or resolve every dispute over federal election powers.
2026-09-21
Analysis
Analysis
Germany's Centre Is Losing Its Monopoly on Governability
State elections strengthened both the AfD and the Left while Chancellor Friedrich Merz's CDU suffered historic losses. The immediate problem is not simply polarisation, but a shrinking set of workable governing coalitions.
2026-09-12
Analysis
Analysis
Germany's Firewall Against the AfD Is Becoming an Electoral Strategy With Diminishing Returns
Refusing to govern with the AfD may still be morally and strategically justified. But the firewall cannot substitute for an answer to the voters driving the party toward 44% in Saxony-Anhalt.
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