Weighing in on whether the Fed's operation twist will aid in economic growth, with Jessica Hoversen, MF Global; CNBC's Steve Liesman & Rick Santelli, who says political leaders in the U.S. and Europe just don't know what they are doing.
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The Fed launched much anticipated "operation twist" with a twist—it is also taking direct aim at mortgages. The Fed also warned of significant downside economic risks. Check out how it changed its statement.
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The European Central Bank kept interest rates at 1.5 percent as expected on Thursday and its president Jean-Claude Trichet announced a six-month operation to inject liquidity in the markets.
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