Fed's `Operation Twist', Market Reaction

Fed's `Operation Twist', Market Reaction Play

Sept. 22 (Bloomberg) -- Michael Feroli, chief U.S. economist at JPMorgan Chase & Co., talks about market reaction to the Federal Reserve's announcement yesterday and the outlook for monetary policy. The central bank will extend the average maturities of the Treasuries in its portfolio by purchasing $400 billion of long-term debt while selling an equal amount of shorter-term securities, the Federal Open Market Committee said in Washington after ending a two-day meeting. Feroli speaks with Erik Schatzker and Deirdre Bolton on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

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