The Fed Gets Even More Twisted
This is clearly good for the U.S. government who will benefit at the expense of the suckers who are stupid enough to buy its "securities". But considering how low yields are at the moment, the effect on the real economy will be very small. And even that effect will come entirely or almost entirely in the form of higher than otherwise inflation. So, this new "twisted" move will not reinvigorate the U.S. economy.