Operation Twist
Fed hopes Operation Twist will help economy dancePosted by RJ and Makay on Sep 22, 2011 |
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The Federal Reserve announced Wednesday that it will put downward pressure on long-term interest rates by selling $400 billion of short-term U.S. Treasury securities and using the proceeds to purchase a like amount of longer-term Treasury securities. The goal of the program, known as Operation Twist, is to bend the yield curve to maintain low interest rates.
