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The Federal Reserve is unveiling a new plan this week to jump start the struggling US economy called Operation Twist. It’s actually already an extension of a program already in place since September of last year. Basically, the plan calls for selling short term debt and then buying longer term treasuries. Ben Bernanke explains that the plan would buy up securities in the market and bring them on to the Fed’s balance sheet, which in turn causes investors to buy into substitute securities. With interest rates almost near zero, will Operation Twist actually encourage businesses and consumers who are not borrowing now to get off the fence? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss the comments made by the Federal Reserve chairman Ben Bernanke about Operation Twist and how does it impact your pocket book.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: ben bernanke, fed balance sheet, federal reserve, fox news, interest rates, long term debt, market, operation twist, securities, short term debt, substitute securities
