March 27, 2017

One More Question with Robert Kaplan

We asked Robert S. Kaplan, president and CEO of the Federal Reserve Bank of Dallas, why it's important for central banks around the world to maintain their independence. See what he said.

 

 

 


"I think it's very critical for the Central Bank of the United States to be independent. What do I mean by independent? I mean being able to make decisions that are independent of political considerations or political influence. A lot of the things that the Federal Reserve or central bank of a country has to do can be, controversial may not be popular, sometimes they have to be done in a very expedited way, and I think history's shown us one of the great strengths of this country is the ability of a central bank and central bankers to make judgments in difficult situations that they think are in the best interest of the country without regard to partisan political or other considerations, other than, again what is best for the country."

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The Chicago Council on Global Affairs is an independent, nonpartisan organization that provides insight – and influences the public discourse – on critical global issues. We convene leading global voices and conduct independent research to bring clarity and offer solutions to challenges and opportunities across the globe. The Council is committed to engaging the public and raising global awareness of issues that transcend borders and transform how people, business, and governments engage the world.

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Urban Reflections from the 2019 International Student Delegation

Each year approximately 30 students from leading research universities around the world participate in the global student delegation program at the Pritzker Forum on Global Cities. Promising students who have demonstrated a commitment to improving global cities and are enrolled in a master’s or PhD program are nominated by their host universities to attend. The 2019 delegation included 30 students from 20 countries, including China, Egypt, Ethiopia, Germany, Israel, Saudi Arabia, South Africa, and the United Kingdom. Their biographies are available here.

The following series of contributions are their reflections and insights inspired by and drawn from their experience attending the 2019 Pritzker Forum.


| By Lille van der Zanden

Social Equity: The Legacy of 100 Resilient Cities

On July 31, 100 Resilient Cities (100RC) officially ceased its operations, marking a turning point in the modern urban resiliency movement to create cities that can bounce back from disaster. In six years, the Rockefeller Foundation-funded initiative brought a standardized urban resilience framework to cities across the globe, facilitating the development of more than 80 resilience plans in the process. As a result of its work, urban resiliency planning has become a common practice for city governments, with many institutionalizing the position of a chief resiliency officer.




| By Ian Klaus

Will Ambassador Subnat Go to Washington?

On June 28, 2019, Congressmen Ted W. Lieu (D-CA33) and Joe Wilson (R-SC02) introduced H.R.3571, the “City and State Diplomacy Act.” The Act seeks to mandate a senior official at the State Department charged with “supervision (including policy oversight of resources) of Federal support for subnational engagements by State and municipal governments with foreign governments.” The position would be at the ambassadorial level, and “Ambassador Subnat” would require the consent of the Senate and oversee a new Office of Subnational Diplomacy.