Fed May Be `Laying Groundwork' for Later Easing

Fed May Be `Laying Groundwork' for Later Easing Play

June 21 (Bloomberg) -- Michael Cuggino, who manages about $17 billion at San Francisco-based Pacific Heights Asset Management, talks about the Federal Reserve's decision to expand its Operation Twist program and its implications for U.S. stocks. He speaks with Susan Li on Bloomberg Television's "First Up."(Source: Bloomberg)

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