Fed Tries ‘Operation Twist’ to Spur Growth
The Federal Reserve says it will sell $400 billion of its shorter-term securities to buy longer-term holdings, its latest effort to boost a weak economy. The Fed’s move to rebalance its $2.87 trillion portfolio could lower Treasury yields further. Ultimately, it might reduce rates on mortgages and other consumer…
Read the rest here:
Fed Tries ‘Operation Twist’ to Spur Growth
Posted by
on September 21, 2011. Filed under News, World News.
You can follow any responses to this entry through the RSS 2.0.
You can skip to the end and leave a response. Pinging is currently not allowed.