Greenspan Sees U.S. Interest Rates Rising Soon, Perhaps Rapidly
- Ex-Fed Chairman says low rates won’t last ’very much longer’
- Greenspan also forecasts that euro zone ‘will break down’
FOMC Minutes: Figuring Out Who Said What
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Former Federal Reserve Chairman Alan Greenspan forecast that interest rates will begin rising soon, perhaps rapidly.
“I cannot perceive that we can maintain these levels of interest rates for very much longer,” he told former Securities and Exchange Commission Chairman Arthur Levitt in a Bloomberg Radio interview to be aired this weekend and next.