Operation Twist

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Weak Jobs Report Puts Pressure on Bernanke

Fed now more likely to take action

(Newser) - Yesterday's tepid jobs report firms up evidence that the recovery is backsliding and increases the odds that the Federal Reserve will try to give it a jolt, reports the Wall Street Journal . The most likely move by Ben Bernanke would be to buy bonds—or quantitative easing, in econo-speak—... More »

Fed Pumps $267B More Into 'Operation Twist'

Program intended to lower long-term interest rates

(Newser) - The Federal Reserve is extending a program intended to further lower long-term interest rates, noting hiring has weakened, consumer spending is rising more slowly, and the economy needs more support. The Fed will continue Operation Twist through the end of the year, it announced today. The Fed has been selling... More »

Dow Tanks at Open

Follows yesterday's trend, down more than 300 points

(Newser) - Should you need another reason to pack it in and go back to bed: After falling 284 points yesterday following the Fed's announcement of Operation Twist , which investors interpreted as yet another gloomy assessment of the economy, the Dow kicked off today by plunging even more—a lot more.... More »

Fed Tries 'Operation Twist' to Spur Growth

Move intended to hold down long-term interest rates

(Newser) - 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... More »

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