Fed extends Operation Twist by $267bn but cuts growth forecast

Natalie Kenway
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The Federal Reserve announced plans to extend Operation Twist by $267bn (£170bn) as it cut its 2012 growth forecast for the US economy from 2.9% to 2.4%.

The Federal Open Market Committee stopped short of adopting a more aggressive monetary policy through a third round of quantitative easing despite implying the US recovery had not been as strong as...

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