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Fed. Reserve Tries the Twist Again to Support Economic Recovery and Reduce Long Term Interest Rates.

In 1961 the Federal Reserve announced what became known as Operation Twist, a plan to sell short-term and buy long-term Treasury securities. The intent was to defend the value of the US dollar with higher short-term rates while encouraging investment with reduced long-term rates.

On September 21, 2011, the Fed announced it would initiate an updated version of Operation Twist. The current intent is to support economic recovery by reducing long-term interest rates without expanding the Fed's already swollen balance sheet

The Federal Open Market Committee's press release explains that it "decided today to extend the average maturity of its holdings of securities". Read the full article to find out what motivated their decision, and how it will be executed.