News email from Los Angeles Times, 6/20/12. "Fed extends 'Twist' program to drive rates lower"
|Interest rates will stay this small|
|Not quite this low|
The Fed will continue Operation Twist through the end of the year. The Fed has been selling $400 billion in short-term Treasurys since September and buying longer-term Treasurys. It says it will shift another $267 billion through December. The Fed wants to spur more borrowing, spending and growth."
Updated full story see Los Angeles Times/Business, "Federal Reserve extends Operation Twist until end of 2012," includes embedded Associated Press video of Federal Chairman Ben S. Bernanke's report, 59 seconds.