On 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
- What is driving the increasingly weird behavior of the polar jet stream?
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- How our botched understanding of 'science' ruins everything
- Christians have no moral rationale for spanking their children
- 6 things the happiest families all have in common
- 43 TV shows to watch in 2014
- 10 things you need to know today: September 23, 2014
- 4 simple steaks you can cook in a pan
- Should you hope to die at 75? Absolutely not.
- The science of sex: 4 harsh truths about dating and mating
Subscribe to the Week