Wednesday Look Ahead: Fed Expected to Bring On Operation Twist, as Republicans Complain
September 20, 2011 at 20:07 PM EDT
Markets are expecting the Fed to unveil a modern day "Operation Twist," similar to a Federal Reserve program in the early 1960s. Fed watchers speculate on various degrees of easing, but they basically agree the Fed is about to unveil a program to buy longer dated Treasury securities in a bid to hold down interest rates.