During his tenure at the Fed, he raised interest rates to 6%, with no recession in the world’s largest economy.
Greenspan doubts the scenario will repeat itself again and is likely to enter US economy In recession due to the anti-inflation measures that the Fed is implementing by tightening monetary policy.
Data from the past two months has shown that prices have started to cool united stateHowever, it is news "Good is not enough" From Greenspan’s point of view, he is the company’s economic adviser "Capital management consultants".
He said falling prices are not enough to prompt the Fed to reverse its aggressive policies to avoid entering a recession.
The US Federal Reserve raised interest rates 7 times during the year 2022, to reach the level from 4.25 to 4.50%, which is the highest rate since 2007.
Fed officials expect yet another percentage point hike this year, according to the minutes of the Fed’s December meeting.
Greenspan doesn’t expect the Fed to cut interest rates now, indicating that such a step could help drive inflation up again and get it back to square one, as he said.
Greenspan also predicts that 2023 will bring good news for investors, saying there won’t be any moves in the markets "anarchism".
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Greenspan took over United States Federal Reserve In the period from 1987 to 2006.
During his tenure at the Fed, he raised interest rates to 6%, with no recession in the world’s largest economy.
Greenspan doubts the scenario will repeat itself again and is likely to enter US economy In recession due to the anti-inflation measures that the Fed is implementing by tightening monetary policy.
Data from the past two months has shown that prices have started to cool united stateHowever, that’s not “good enough” news, according to Greenspan, an economic adviser at Advisors Capital Management.
He said falling prices are not enough to prompt the Fed to reverse its aggressive policies to avoid entering a recession.
The US Federal Reserve raised interest rates 7 times during the year 2022, to reach the level from 4.25 to 4.50%, which is the highest rate since 2007.
Fed officials expect yet another percentage point hike this year, according to the minutes of the Fed’s December meeting.
Greenspan doesn’t expect the Fed to cut interest rates now, indicating that such a step could help drive inflation up again and get it back to square one, as he said.
Greenspan also expects 2023 to bring good news for investors, saying market movements won’t be “chaotic.”
