questionmark Posted September 21, 2011 #1 Share Posted September 21, 2011 WASHINGTON, September 21 (UPI) -- The U.S. Federal Reserve said Wednesday it would swap $400 billion in short-term securities for an equal amount of long-term notes. The move is called an operational twist.It will keep the size of the Fed's portfolio unchanged, but the greater slant toward long-term securities is expected to put downward pressure on long-term interest rates. Read more... Hmmm... who was that again who keeps telling us that Congress has no influence over the Federal Reserve... wasn't there somebody...? I guess it was the guy who forgets to switch on his hearing aid when Bernanke comes in for his bi-annual drilling... Link to comment Share on other sites More sharing options...
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