Fed Operation Twist Fails to Reduce Unemployment in Global Poll

Global investors say Federal Reserve Chairman Ben S. Bernanke’s bond-swap program, known as Operation Twist, will fail to reduce unemployment as the world’s largest economy slows.

Seventy-eight percent of respondents say the Fed’s plan to replace $400 billion of short-term debt with longer-term Treasuries won’t create jobs for the nation’s 14 million unemployed, according to the quarterly Bloomberg Global Poll of 1,031 investors, analysts and traders who are Bloomberg subscribers.