Former Fed boss says inflation not a threat, economy has hit bottom
WASHINGTON - Former Federal Reserve Chairman Alan Greenspan says he doesn't think the Fed should be considering raising interest rates to ward off inflation — at least not yet.
Greenspan says the Fed will have to rein in credit and raise rates at some point. For now, he says he is optimistic for the U.S. economy.
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3 comments:
DUH!!!!!!!!
He sold this country down the river of easy credit and huge profits for a select few.
Who cares what he says? He said, "We got it wrong." For 25 years, he got it wrong. Why would we think he's right now?
Note to Alan: Please shut up. If you are optimistic, that's a message to the rest of us to RUN LIKE HELL!
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