Operation Twist

Federal Reserve Chairman Ben Bernanke painted a negative picture of the U.S. economy in his testimony on capitol hill Tuesday, citing higher foreign, slowing manufacturing growth, and a sluggish employment recovery. Further, he reiterated the Fed's bleak forecast for the economy which the Federal...

On Tuesday morning, Federal Reserve Chairman Ben Bernanke gave his semi-annual monetary policy briefing to the Joint Economic Committee. In his testimony, he said that recent economic indicators have been disappointing. He did note that the Fed stands ready to act if needed and sees risks of a...

The minutes of the June meeting of the Federal Reserve are set to be released at 2 p.m. EST Wednesday, and markets will be watching closely for talk of further quantitative easing and the rationale behind the decision to extend Operation Twist. In June, the Federal Open Market Committee (FOMC)...

Chairman Bernanke's testimony on Capital Hill just ended, so let us recap what he said and what the implications are for further easing efforts by the Fed. Leading into the meeting, the market had high expectations of a new QE program, but as I pointed out on numerous occasions, it is much more...

PIMCO founder and co-CIO Bill Gross spoke with Bloomberg Television's Margaret Brennan today, telling Bloomberg TV that the Fed will likely shift focus to mortgage securities to keep borrowing rates low when Operation Twist ends in June. Highlights of the interview can be found below. The video can...

The New York Federal Reserve purchased $2.541 billion in U.S. Treasury debt during its permanent open market operations (POMO) today as part of its Operation Twist program. Dealers submitted $6.542 billion worth of debt, with the government receiving almost three bids for every one it accepted....

The New York Federal Reserve purchased $4.675 billion in U.S. Treasury debt during its permanent open market operations (POMO) today as part of its Operation Twist program. Dealers submitted $21.843 billion worth of debt, with the government receiving almost five bids for every one it accepted....

The New York Federal Reserve purchased $2.697 billion in U.S. Treasury debt during its permanent open market operations (POMO) today as part of its Operation Twist program. Dealers submitted $10.216 billion worth of debt, with the government receiving almost four bids for every one it accepted....

The New York Federal Reserve purchased $4.96 billion in U.S. Treasury debt during its permanent open market operations (POMO) today as part of its Operation Twist program. Dealers submitted $16.735 billion worth of debt, with the government receiving almost three bids for every one it accepted....

The New York Federal Reserve purchased $2.502 billion in U.S. Treasury debt during its permanent open market operations (POMO) today as part of its Operation Twist program. Dealers submitted $8.959 billion worth of debt, with the government receiving almost three bids for every one it accepted....

The New York Federal Reserve sold $8.87 billion in U.S. Treasury debt during its permanent open market operations (POMO) today as part of its Operation Twist program. Dealers tried to buy $31.264 billion worth of debt, with the government receiving almost four bids for every one it sold....