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Explaining the Fed's 'Operation Twist' with diamonds

Jun 26, 2012
The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy.
The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy.
Karen Bleier/AFP/Getty Images

Federal Reserve to continue Operation Twist

Jun 20, 2012
Chairman Ben Bernanke said the Fed would continue buying Treasury bills to drive long-term interest rates down, but would also wait before taking more action on the economy.