Posted by WARREN MOSLER on September 14th, 2011
Interesting story, in that I’ve heard indirectly that my book,
The 7 Deadly Innocent Frauds of Economic Policy,
has been making the rounds at the Treasury as well as the Fed and other agencies,
staffers who say they’ve read it asked that their names not be revealed.
Treasury to Accommodate Fed on ‘Twist’
Published: Wednesday, 14 Sep 2011 | 5:47 AM ET
The US Treasury would effectively accommodate a possible Federal Reserve stimulus to drive down long-term interest rates, according to people familiar with the matter.
The Treasury would play a crucial role if the Fed decided to launch “Operation Twist”, where the central bank would buy more longer-term Treasury securities to drive down long-term interest rates by reducing the amount of such debt available to other investors.