Start watching at the 3:30 mark - Relevant commentary runs 1 minute from there. Video produced by an Australian Economics professor (not Austrian).
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As the Fed meets Tuesday and Wednesday, speculation is rife that it will begin an effort to push risk out on the yield curve by extending the maturity of the treasury notes it holds.
The concept is based on the original operation “twist” from the 1960s.
For a graphic look at what happened then, Australian economist Bill Mitchell has a video of what happened to the yield curve over the four years when the program was in place.
The chief takeaway seems to be that if the Fed wants to flatten the yield curve, it can, but it will take time.