Fed Does the Twist: $400 Billion Plan to Help Economy
Whittier Daily News › September 22, 2011
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Summary
The Federal Reserve unveiled a plan Wednesday that's intended to jump-start the nation's economy by driving down long-term interest rates.
But local economists aren't exactly sold on the strategy. And the Fed's move sent out a clear message - a full economic recovery is still years away.See the full content of this document
Extract
Fed Does the Twist: $400 Billion Plan to Help Economy
The Fed plans to sell $400 billion from its holdings of short- term U.S. government debt - Treasury bills and notes that mature in three years or sooner. It will use that money to buy Treasury notes...
See the full content of this document
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