Federal Reserve Expected To Announce New Action To Spur Economy - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Federal Reserve Expected To Announce New Action To Spur Economy

WASHINGTON (AP) - After two days of policy-setting meetings, the Federal Reserve is expected today to reach back to the early 1960s to perk up the economy.

Most economists suspect the Fed will announce an approach called "Operation Twist." It involves shifting money in its $1.7 trillion portfolio from short-term securities to longer-term
holdings.

That would push the yield on Treasuries still lower, but could also reduce rates on mortgages and other consumer and business loans.

The four highest-ranking Republicans in Congress are already on record against moves to lower interest rates still more. They've written Fed Chairman Ben Bernanke that they fear it could trigger high inflation.

The Fed said recently that the economy will likely struggle for at least two more years.

  • News HeadlinesNewsMore>>

  • Local business honored with safety award

    Local business honored with safety award

    Friday, December 15 2017 10:41 AM EST2017-12-15 15:41:02 GMT

    The worker's comp commissioner of Texas honored a Wichita Falls business, WPT Power Corporation, and its employees with the Lone Star Safety Award Wednesday.

    The worker's comp commissioner of Texas honored a Wichita Falls business, WPT Power Corporation, and its employees with the Lone Star Safety Award Wednesday.

  • Star Wars fans look forward to seeing The Last Jedi

    Star Wars fans look forward to seeing The Last Jedi

    Friday, December 15 2017 9:17 AM EST2017-12-15 14:17:18 GMT

    The force was strong as theaters at Cinemark 14 Wichita Falls filled up for the premiere of "Star Wars: The Last Jedi."

    The force was strong as theaters at Cinemark 14 Wichita Falls filled up for the premiere of "Star Wars: The Last Jedi."

  • 8 Year Old is impressed by all Santa does

    8 Year Old is impressed by all Santa does

    Friday, December 15 2017 2:19 AM EST2017-12-15 07:19:04 GMT

    Santa took time out of his busy schedule to visit First National Bank of Wichita Falls. A representative told us Mrs. Clause rearranged his schedule so he could be there today.   "It's real special for us because we're really a family oriented bank," Gordon McCain, Retail Sales Leader said, "and it's important for us to see the light in the eyes of the little children coming in and also the adults that come in." Shane Rater came to see Sa...

    Santa took time out of his busy schedule to visit First National Bank of Wichita Falls. A representative told us Mrs. Clause rearranged his schedule so he could be there today.   "It's real special for us because we're really a family oriented bank," Gordon McCain, Retail Sales Leader said, "and it's important for us to see the light in the eyes of the little children coming in and also the adults that come in." Shane Rater came to see Sa...

Powered by Frankly