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Inside the Fed lockup: Fed announces $267 bln T-bill twist

Wednesday, June 20, 2012 - 00:59

June 20 - The FOMC to continue Operation Twist to help mitigate broader financial conditions in Europe and the U.S. labor market. Reuters Fed Correspondent Pedro Da Costa reports live from the Treasury lockup.

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Decided to extend its stimulus that US army which appears to be at rest at the moment. It sees the unemployment situation worsening and it's ease global financial stories and from Europe. It has decided to extend its. Swiss -- so short term securities are more months. To 267. Dollars. Citing some concern about the economy. And clearly keeping its powder dry in terms of the third round -- easy in case the situation in Europe remains all -- Worsens or -- -- still -- contagion from Spanish and Italian banks and core eurozone. Where's the stakes -- also global slowdown. Large economies. Are so it's on route so it has chosen. More -- less that the markets expect the senate race is that moment. -- -- that this -- hours.

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Inside the Fed lockup: Fed announces $267 bln T-bill twist

Wednesday, June 20, 2012 - 00:59