Federal Reserve

The Purpose of Monetary Policy

The Federal Open Market Committee is scheduled to have one of its regularly-scheduled meetings with Fed Chair Janet Yellen making an announcement on interest rate policy.  Most observers expect the Fed to leave short-term interest rates unchanged for now, but the FOMC’s likely actions in the near future could be to raise rates.  Dr. Tiemann reviews the […]

The Launch of the QE 2

In Nov. 2010, the Fed launched a second round of quantitative easing, dubbed the “QE2”. The action raised many questions and this note explores the possible impacts of this action on the economy. It continues the discussion started in the prior note-addressing the Government’s fiscal policies-and focuses this time on the Government’s monetary policy.