There are widespread expectations that Federal Reserve Chairman Ben Bernanke will today unveil the latest initiative intended to give the economy a boost. Action is likely to come in the form of shifting funds into longer-term holdings, with the intention of lowering Treasury yields and reducing rates on mortgages and other loans. Industry insiders apparently call it “Operation Twist.”But while we wait for word from the Fed, congressional Republicans aren’t just sitting around — they’re actively lobbying Bernanke, pressing him to let the...
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