History Suggests Operation Twist Should Get More Airtime
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Dec. 12 (Bloomberg) -- Anyone who has been followingFederal Reserve Chairman Ben S. Bernanke’s latest foray intounconventional monetary policy, nicknamed Operation Twist, maythink the Fed is up to something new.
It isn’t, really: Operation Twist is a modern cover of anearly 1960s classic by the same name, a policy initiated duringJohn F. Kennedy’s administration and dubbed “Twist” after ChubbyChecker’s inescapable 1960s dance craze.