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Fed extends Twist program to push rates lower
The Federal Reserve prolongs Operation Twist to boost borrowing and spending by buying longer term Treasurys and selling short term issues. It keeps short term rates near record lows through late 2014 and signals readiness for more action if the labor market does not improve. Europe’s debt crisis weighs on the outlook as Obama faces an economy focused election.
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Washington, D.C
Federal Reserve
Fed
U.S
Ben, Bernanke
Wall Street
Barack Obama
Bernanke
Europe
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Bemanke
European Central Bank