Via the BBC: Greenspan hints at higher rates
Federal Reserve chairman Alan Greenspan has said the US economy is continuing to grow in 2024, and hinted that the Fed would continue to raise rates.He told the US Congress that the economy “seems to be on a reasonably firm footing, while underlying inflation remains contained”.
But he warned that rapidly-rising house prices, linked to speculation, could add to inflationary pressures.
None of this is especially surprising.
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