Ben Kenobi Launches Operation Twist: Will it Save the Republic?
September 22, 2011 at 08:02 AM EDT
The Federal Open Market Committee (FOMC) just announced that it’s going to begin another round of asset buying, this time offsetting its purchases of longer-dated securities with sales of shorter term holdings. The goal? Flatten the yield curve. The hope? Engineer a recovery by helping homeowners refinance at lower rates and making broader financial conditions [...]