Tuesday, Oct 16, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Greenspan says inflation is an immediate threat


Former Federal Reserve Chairman Alan Greenspan said the U.S. economy, which has been buffeted by speculation in the housing and stock markets, faces a more immediate threat from inflation than from additional speculative bubbles.

In Montreal yesterday, he said containing inflation may require very tight monetary policies in future years. Mr. Greenspan, 82, who served as Fed chairman from August, 1987, to January, 2006, said oil prices are in a long-term trend higher, though part of the current increase may be driven by speculation.

He added that the U.S. credit crunch since last August continues to be very serious.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…