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June 21: Fed extends Twist bond program, but delays further action (Miami Herald)
June 21, 2012
Shrugging off financial market pleas for more action, the Federal Reserve on Wednesday extended a controversial bond-buying program designed to lower interest rates but declined to expand into new areas, even as it downgraded its forecast for employment and growth in the sluggish U.S. economy.
The rate-setting Federal Open Market Committee announced, as expected, that it would extend Operation Twist, a program in which it swaps short-term government bonds it now holds for those ...
Rigsby Fellow in Economics
Professor of Economics
Federal Reserve Policy
Current Macroeconomic Events
Interest Rates
Economic Conditions
Consumer Confidence
Dr. Dean Croushore is Professor of Economics and Rigsby Fellow at the University of Richmond. Dr. Croushore came to the University of Richmond in 2003 after 14 years at the Federal Reserve Bank of Philadelphia, where he was Vice President and Economi...