Guest Post: Third Quarter Economic Update by Dorothy Jaworski
Jeff For Banks
OCTOBER 11, 2011
In another easing action dubbed “Operation Twist,” the Fed stated that they will sell $400 billion of their shorter securities (less than 3 year maturities) and buy the same amount of longer securities (6 to 30 year maturities) by June, 2012. They haven’t tried a “twist” since the 1960s. Thanks for reading!
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