Fed Extends Effort to Lower Rates as Job Growth Slows - NYTimes.com

Fed Extends Effort to Lower Rates as Job Growth Slows - NYTimes.com:

"WASHINGTON — The Federal Reserve announced Wednesday a modest increase in its efforts to reduce borrowing costs for businesses and consumers by extending its existing “Operation Twist” asset-purchase program through the end of the year."

"It is the first time since January that the Fed has intensified its efforts to revive economic growth, and the first time since September that the Fed has announced a new round of asset purchases. This is the fifth such announcement since 2008."

'via Blog this'

Twist was not ended, and a new "Operation Jobs" was not started. Nevertheless I still consider my prediction as a plus for an amateur economist like myself.