Markets Won't `Fall Off Cliff' as Fed Twist Ends

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April 18 (Bloomberg) -- Tony Crescenzi, a strategist at Pacific Investment Management Co. in Newport Beach, California, talks about the outlook for global financial markets and the impact of Federal Reserve monetary policy on U.S. stocks. The central bank already bought $2.3 trillion of bonds in two rounds of asset purchases and started a $400 billion program known as Operation Twist to replace short-term debt in its holdings with longer-term securities. Crescenzi speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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