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
- 43 TV shows to watch in 2014
- The one thing the New Atheists get right about religion
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Syrian women know how to defeat ISIS
- The U.S. government is actually trouncing Ebola. When will it get credit?
- The uncomfortable truth in The Giving Tree
- Why America needs more billionaires
- The simple trick to making better decisions in every aspect of life
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- 6 things the happiest families all have in common
Subscribe to the Week