Operation Twist
Operation Twist
Operation Twist, or 'Twist', is a policy by which the Federal Reserve sells short-term government bonds and buys long-dated Treasuries, in an effort to push down long-term interest rates and therefore boost the economy.
It is a form of monetary easing, but unlike quantitative easing, it does not expand the Fed's balance sheet, making it a less aggressive form of easing. The Fed first approved Operation Twist in September 2011, and extended the programme again in June 2012. [1]
See