Greenspan says past no guide to future on rates

According to a letter released on Wednesday 2 June, Fed Chairman Alan Greenspan told a US lawmaker that looking at the past is no guide to predicting how quickly and aggressively the Federal Reserve will raise interest rates.

In a May 14 letter to Senator Paul Sarbanes, Greenspan repeated his earlier comment that the current low rates "must be returned to a more neutral setting at some point," accrding to AAP.

In the letter, Greenspan was reported to have said the Fed had raised interest rates

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.