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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 15 November 2012 [View all]xchrom
(108,903 posts)15. Fed hints at new bond-buying scheme
http://www.bbc.co.uk/news/business-20334488
The US Federal Reserve may launch a new bond-buying stimulus programme at the start of next year, released minutes have revealed.
The minutes showed that "a number" of the Fed's senior officials want to see a current bond-buying scheme, dubbed Operation Twist, replaced.
Under Twist, which expires in December, the central bank has been selling short-term Treasury bonds and using the proceeds to buy longer-term bonds.
The aim is to cut long-term loan rates.
The US Federal Reserve may launch a new bond-buying stimulus programme at the start of next year, released minutes have revealed.
The minutes showed that "a number" of the Fed's senior officials want to see a current bond-buying scheme, dubbed Operation Twist, replaced.
Under Twist, which expires in December, the central bank has been selling short-term Treasury bonds and using the proceeds to buy longer-term bonds.
The aim is to cut long-term loan rates.
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