Posts Tagged ‘short-term rates’

How to Do the (Operation) Twist

September 23, 2011

In the early 1960s, a new dance craze gripped the nation: The Twist. Youngsters stopped slow dancing and started “twisting the night away.” At the same time, the American economy was slow dancing too and The Twist sounded like just the thing to get the economy moving.

Flash-forward to 2011, the economy has slowed again and the Fed is out of new dance moves. This has given rise to new talk of “Operation Twist,” a strategy used in the 1960s to spark a similarly stalled economy. Find out what it is and how it affects you and your wallet.

Fed: Recovery Slow, Short-Term Rates to Remain Low

August 10, 2010

Our smart friends at the Federal Reserve announced today that they will once again hold its Fed funds rate at the 0 percent to 0.25 percent range. The following is an official press release from the Fed regarding its decision today and a translation (for the rest of us) from our Chief Quizzologist.

Fed Leaves Key Rate Unchanged, Says Economic Recovery Hurt by Problems Overseas

June 23, 2010

Our super smart friends at the Federal Reserve announced today that they will once again hold its Fed funds rate at the 0 percent to 0.25 percent range. The following is an official press release from the Fed regarding its decision today and a translation (for the rest of us) from our Chief Quizzologist.

Fed Holds Key Rate, Sees Strength in Economy

April 28, 2010

Our smarty-pants friends at the Federal Reserve announced today that they will once again hold its Fed funds rate at the 0 percent to 0.25 percent range. Here’s the official press release from the Fed regarding its decision today and a translation (for the rest of us) from Quicken Loans Chief Economist Bob Walters.

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