7 Reasons to Cause the American Economy - Alan Greenspan
The 7 Reasons That Will Cause the American Economy - Alan Greenspan
Among the risks that worry Greenspan is the possibility of an acceleration of inflation, followed by a sharp hike in interest rates by the Fed to rein it in, reminiscent of the early 1980s. As he told Barron's: “We are working towards stagflation characterized by a weaker economy and inflation. During the 1980s, we had an obvious occurrence of that. The Federal Reserve can put a clamp on it. It lasted for two to three years, and it brought it to a halt. I don't think it will be terribly different [this time.] ”
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7 Threats to the Booming Economy: Alan Greenspan
The former Fed chairman sees various crises erupting out of problems that have been ignored for too long.
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