The "Twist" is already turning out results, says Cleveland Fed economist Mark Sniderman in the...

|By:, SA News Editor

The "Twist" is already turning out results, says Cleveland Fed economist Mark Sniderman in the bank's first comments since the FOMC announced its plan to shift $400B into longer-dated Treasurys. Long-term rates have fallen and mortgage rates have slipped to record lows, he notes.