The Federal Reserve is saving the US billions by keeping interest rates low

Janet Yellen is taking her time with the inevitable rate hike, and taxpayers may need to thank her for it. The Congressional Budget Office released its 2015 Long-Term Budget Outlook on Tuesday, in which forecasts for interest expenses on the federal debt were further reduced. In the report, the CBO estimates the real interest rate on a 10-year Treasury note to be 2.3%, down from 2.5% in the 2014 Outlook and 3% in 2013. The Federal Reserve sets the Federal Funds Rate, which effectively dictates a...