Predictably and sensibly, a three-judge panel of the nation’s second-most important court, the US Court of Appeals for the DC Circuit, recently dismissed, unanimously, a lawsuit brought by a Yemeni man, two of whose relatives were collateral fatalities in a 2012 US drone attack that killed three terrorists. The suit asked the court to declare the attacks illegal under several …

Traders in India are so convinced that slowing inflation will lead to a rate cut that the central bank’s increasing intervention in the bond market isn’t bothering them. Benchmark 10-year yields, which fell to a two-week low on Wednesday, will probably continue their decline after data showed consumer-price gains slowed to a record low, according to Kotak Mahindra Asset Management …

Federal Reserve Chair Janet Yellen’s prepared testimony for her semi-annual report to Congress made clear that central bankers are struggling to understand the recent downward trend in inflation. Still, it is important to remember that the path of monetary policy depends not just on inflation, but also on unemployment. Yellen knows this, and it would be a mistake to interpret …