Despite recently launching a third round of quantitative easing, the Federal Reserve is once again expected to announce another bond buying program this week. The additional easing would replace Operation Twist, an asset purchase program where the central bank sells short-term notes to purchase long-term notes. However, its replacement will likely be outright bond buying, as the Federal Reserve is running out of short-term notes to sell. Only three months ago, the Federal Reserve decided to prove it is willing to do whatever it takes to prop up asset prices. Throwing savers under the printing press again, the Federal ... (full story)