it s being called operation twist. the goal is to lower long-term interest rates. here s how it works: the fed will sell short-term u.s. treasury bonds, replacing them with longer-term ones, creating a twist in rates. to help the mortgage market, it will continue buying mortgage- backed securities. operation twist is a $400 billion program lasting through june. the fed also said today it s keeping its key interest rate near 0%, saying there are significant downside risks to the economic outlook. three fed policymakers voted against the twist. the stock market twisted too. the dow tumbled 283 points, the nasdaq lost 52 and the s&p dropped 35. investors were troubled by the fed s pessimistic view of the economy. in the bond market, long-term rates fell to their lowest level in 60 years. the 30-year now stands at 3.01% and the yield on the 10-year fell to 1.87%. suzanne pratt takes a closer look at the fed s decision and how it s being viewed on wall street. reporter: th
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. my colleague tom hudson is on assignment. the federal reserve launched today a new plan to revive the economy. it s being called operation twist. the goal is to lower long-term interest rates. here s how it works: the fed will sell short-term u.s. treasury bonds, replacing them with longer-term ones, creating a twist in rates. to help the mortgage market, it will continue buying mortgage- backed securities. operation twist is a $400 billion program lasting through june. the fed also said today it s keeping its key interest rate ying there areaid today it s significant downside risks to the economic outlook. three fed policymakers voted against the twist. the stock market twisted too. the dow tumbled 283 points, the nasdaq lost 52 and the s&p dropped 35. investors were troubled by the fed s pessimistic view of the economy.
my colleague tom hudson is on assignment. the federal reserve launcd today a new plan to revive the economy. it s being called operation twist. the goal is to lower long-term interest rates. here s how it works: the fed will sell short-term u.s. treasury bonds, replacing them with longer-term ones, creating a twist in rates. to help the mortgage market, it will continue buying mortgage- backed securities. operation twist is a $400 billion program lasting through june. the fed also said today it s keeping its key interest rate near 0%, saying there are significant downsde risks to the economic outlook. three fed policymakers voted against the twist. the stock market twisted too. the dow tumbled 283 points, the nasdaq lost 52 and the s&p dropped 35. investors were troubled by the fed s pessimistic view of the economy. in the bond market, long-term rates fell to their lowest level in 60 years. the 30-year now stands at 3.01% and the yield on the 10-year fell to 1.87%. suza
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. my colleague tom hudson is on assignment. the federal reserve launched today a new plan to revive the economy. it s being called operation twist. the goal is to lower long-term interest rates. here s how it works: the fed will sell short-term u.s. treasury bonds, replacing them with longer-term ones, creating a twist in rates. to help the mortgage market, it will continue buying mortgage- backed securities. operation twist is a $400 billion program lasting through june. the fed also said today it s keeping its key interest rate near 0%, saying there are significant downside risks to the economic outlook. three fed policymakers voted against the twist. the stock market twisted too. the dow tumbled 283 points, the nasdaq lost 52 and the s&p dropped 35. investors were troubled by the fed s pessimistic view of the economy. in