The Federal Reserve is nearing the final drawdown of its quantitative easing program, which, in several ways, has helped reduce the budget deficit. But has that really been such a free lunch, asks economist Terry Burnham?…

At an economic conference in Jackson Hole, Wyoming, last week, Federal Reserve Chair Janet Yellen said the central bank is awaiting more recovery in the labor market before deciding when to raise interest rates. That was bad news for economist…

Jul 15

Yellen signals Fed will continue to boost economy

In delivering an economic report to Congress, Yellen says the Fed's future actions will depend on how the economy performs. She says if labor market conditions continue to improve more quickly than anticipated, the Fed could raise its key short-term…

The Federal Reserve‚Äôs Open Market Committee voted unanimously Wednesday to again reduce its stimulus program by $10 billion to $35 billion in July. Since the financial crisis in 2008, the Federal Reserve has been buying mortgage-backed securities and U.S. Treasuries…