Wednesday, June 20, 2012

Come On Baby: Fed Extends Operation Twist

From the WSJ: U.S. Federal Reserve officials signaled heightened worries over the economy on Wednesday, extended a program shifting their holdings toward longer-term securities through the end of the year and said they were "prepared to take further action" if needed.

The central bank stopped short, however, of immediately taking the more aggressive step of launching a new bond-buying program to bolster the U.S. economic recovery.

"The Committee is prepared to take further action as appropriate to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability," the Fed said in its statement….

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