Operation Twist Won't Lead To US Economic Recovery

4:00 AM ET Wed, 21 Sept 2011

"[Operation Twist] is not going to help foster a sustained economic recovery in the US. I think what quantitative easing or bond purchases does is it helps limit the downside that would otherwise potentially flow through if there were to be unwanted sharply higher yields in the bond market," James Shugg, senior economist at Westpac Bank told CNBC