Weighing in on whether the Fed's operation twist will aid in economic growth, with Jessica Hoversen, MF Global; CNBC's Steve Liesman & Rick Santelli, who says political leaders in the U.S. and Europe just don't know what they are doing.
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The dollar rose against the euro and yen on Wednesday, buoyed by the appeal of higher short-term rates, after the U.S. Federal Reserve as widely expected, said it would shift its portfolio in favor of long-term debt.
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The Fed launched much anticipated "operation twist" with a twist—it is also taking direct aim at mortgages. The Fed also warned of significant downside economic risks. Check out how it changed its statement.
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The US Treasury would effectively accommodate a possible Federal Reserve stimulus to drive down long-term interest rates, according to people familiar with the matter. The FT reports.
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