2012-06-20 — huffingtonpost.com
The Federal Open Market Committee, at the end of a two-day policy meeting, announced it was going to extend a bond-buying program known as "Operation Twist" for another six months. Under this program, the Fed sells short-term debt and buys long-term debt. The goal is to keep long-term interest rates low to help the economy. There is some debate about how much the program has really helped, but it is likely better than doing nothing.
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