Sarah Binder, senior fellow in Governance Studies, discusses President Trump’s nomination of Jerome Powell to Chair of the Federal Reserve, passing over sitting Fed Chair Janet Yellen in an unprecedented move. Based on her work with Mark Spindel, Binder explains the challenges that Powell will face in this new role after what will likely be one of the most polarizing votes ever to confirm a new Fed Chair.
"There are concerns that placing the [Israeli] embassy in Jerusalem would be a sign that the United States recognizes it as a part of Israel's sovereign territory, even though the position of the U.S. over the last 70 years or so is that Jerusalem is actually disputed territory, and that the status of it will have to be resolved through negotiations."
"I would be surprised if the State Department interpreted the Jerusalem Embassy Act as requiring it to break ground on a new embassy facility or take other such steps. The plain language of the statute only requires that the secretary of state determine and report to Congress that the U.S. Embassy in Jerusalem has officially opened."
"While positions within the international community vary, most foreign states have—like the United States—declined to take a position on who has sovereignty over Jerusalem and instead favor either negotiations to resolve this issue or international administration."