Fed Extends 'Twist' Program to Drive Rates Lower

WASHINGTON  — The Federal Reserve is extending a program designed to drive down long-term U.S. interest rates to spur borrowing and spending. Hiring has weakened, and the U.S. economy needs more support, the Fed said Wednesday. It reiterated its plan to keep short-term rates at record lows until at least late 2014.

WASHINGTON  — The Federal Reserve is extending a program intended to further lower long-term interest rates, noting hiring has weakened, consumer spending is rising more slowly and the economy needs more support. The Fed will continue Operation Twist through the end of the year.

The Federal Reserve is extending a program intended to further lower long-term interest rates, noting hiring has weakened, consumer spending is rising more slowly and the economy needs more support.

On September 21, 2011 in a Federal Reserve Press Release the Fed announced "Operation Twist" purportedly to drive down long-term rates and drive up short-term rates.

Fed extends Twist program with $267B more to drive long-term rates down, says US hiring weaker.

Fed extends a bond-swap program dubbed Operation Twist until year's end to keep interest rates down and trigger more borrowing and spending. It also sharply lowers its U.S.

WASHINGTON — With a nervous eye on the “fiscal cliff,” the Federal Reserve is expected this week to announce a new bond-buying plan to support the U.S. economy. The goal would be to further reduce long-term interest rates and encourage borrowing by companies and individuals. If it succeeds, the Fed might at least soften the blow from tax increases and spending cuts that will kick in in January if Congress can’t reach a budget deal. But the Fed’s actions wouldn’t rescue the economy.