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The US Federal Open Market Committee will hold its regular meeting this Wednesday and Thursday to discuss interest rate policy. Many analysts think the struggles of the U.S. economy and the threats from Europe will compel the Fed to unveil some news to boost market confidence. It is expected that the Fed will extend a program called Operation Twist, which is set to expire in two weeks. And if that happens, chances for quantitative easing in the near future will become much lower.
Before anything influential is announced in this meeting, let’s get insights and preview from our correspondent Daniel Ryntjes in Washington.
Q1. Daniel, how exactly will the Fed twist this time?
Q2. Analysts suggest the benefits of a Fed action would be uneven among different sectors of the American public, how so?
Thank you for joining us. That’s Daniel Ryntjes in Washington.