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Tag Archives: Vincent R. Reinhart
Come on Baby, Let’s Do the Twist!
After yesterday’s press release by the Fed, many commentators started talking about “Operation Twist” even though no such thing is mentioned in the release. Accompanying the press release on the Federal Reserve site, was, however, a document containing the term in parenthesis. Some could immediately be confused or even scared by this. Would this be yet an addition to the endless series of acronyms that has emerged during the financial crisis? Troubled and Worthless Interest-bearing Securities Task-force? Luckily not. It just reflects a return to the old days. And “twist” actually means what it says: “twist.” In 1961, the Kennedy administration and the Fed engaged in an operation of selling … Continue reading
Posted in Economics, Economists, Monetary policy
Tagged Ben Bernanke, Federal funds rate, Federal Open Market Commitee, Operation Twist, Quantitative easing, Vincent R. Reinhart, Yield curve
Comments Off on Come on Baby, Let’s Do the Twist!
