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Fed Launches 'Operation Twist' to Spur Economy
Bernanke boogie
Fed Launches 'Operation Twist' to Spur Economy
Fearful of a slowing economy and hoping to spur the housing market, the Federal Reserve is starting a program dubbed ''Operation Twist,'' which aims to twist the Treasury yield curve (i.e., lower long-term interest rates and increase short-term rates) by swapping $400 billion in shorter-maturity government securities for $400 billion in longer-dated ones.
9/21/11 4:31pm ET - MarketWatch
 
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