Wednesday, 20 June, 2012
Business Report: U.S. Federal Reserve may extend 'Operation Twist'
Some positive notes come out of the G20 summit over the eurozone crisis, while the U.S. Federal Reserve are expected to react to the sputtering American labour market by means of an extension to “Operation Twist.” Henk Potts has the details:
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The Federal Reserve building is seen in Washington June 19, 2012. The Federal Reserve’s policy-making committee again finds itself at a difficult time as it gathered on Tuesday for a two-day meeting. As Europe’s banking crisis intensifies and the U.S. labor market sputters, the Fed appears increasingly likely to offer more monetary stimulus - despite political opposition, internal reticence and concerns about whether it will be effective. (REUTERS/Yuri Gripas)
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