Federal Reserve Chairman Ben Bernanke is expected to announce an extension of an economic stimulus program called Operation Twist, where the central banking system will sell short-term securities and buy long-term bonds in order to lower interest rates and try to boost borrowing and spending. It is assumed that this measure is taken as a means to deal with the projected lower than expected jobs numbers.
But have we seen this policy before? And is there a twist to the bump?
The "Real News" panel discussed the motivation behind the Feds announcement Wednesday, what it actually does, and what are the consequences of the Fed tinkering with the economy once again?