WASHINGTON — The Federal Reserve announced Wednesday a modest increase in its efforts to reduce borrowing costs for businesses and consumers by extending its existing “Operation Twist” asset-purchase program through the end of the year.
The decision reflects growing concern that the economy once again is stumbling into the summer months after the false promise of a relatively strong winter. Fed officials also have indicated a desire to insure against looming risks to the recovery, including problems in Europe and the stalemate in domestic fiscal policy.
The Fed’s policy-making committee said in a statement that it expected the economy would continue to grow at a “moderate pace,” but it noted that “growth in employment has slowed in recent months,” even as inflation has declined.
This oughta fix housing/employment/silver prices/Chinese accounting/plot and logic problems on 2 Broke Girls/your roof etc.