The Fed is running out of ways to goose the economy, so they plan to try a risky trick to keep interest rates down that hasn’t been tried since 1961. They’ll take money out of short-term bonds and put it into long-term bonds. 
It’s called “Operation Twist,” because it attempts to twist long-term interest rates lower, and because the last time it was tried, Chubby Checker was a big star with the dance craze, The Twist.
- Chubby Checker is now in better financial shape that the government.
- Next year, if it’s successful, the Fed says they’ll repeat it, and “twist again… like we did last summer!”