n Wednesday, the Federal Reserve announced that it would extend "Operation Twist," a program designed to boost economic activity by lowering interest rates for businesses and consumers. The move comes amidst signs that the recovery from the recession is flagging, and an ongoing debt crisis in Europe that threatens to drag down global growth. Under the extended program, the Fed says it will buy $267 billion worth of long-term Treasury securities over the next six months, which constitutes the fourth time that the central bank has launched a massive asset-purchase plan since 2008.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- 31 TV shows to watch in 2014
- Why atheism doesn't have the upper hand over religion
- He said he was leaving. She ignored him.
- 14 wonderful words with no English equivalent
- Attack of the invasive species
- Why I'm a pro-life liberal
- What would a U.S.-Russia war look like?
- These stunning travel photos remind us that we're all just amateurs with iPhones
- The world's dumbest idea: Taxing solar energy
- How to flirt, according to science
Subscribe to the Week