Alan Greenspan, former chairman of the U.S. Federal Reserve, said Tuesday that the risks for central banks cutting interest rates too quickly are that much greater than when he was Fed chairman.
"Central bank policies are changing and are going to have to change because the cost of being wrong if you lower rates is so much greater than when I was chairman," Greenspan said, in a speech in London sponsored by media company Bloomberg L.P.
Grenspan said that because the balance between inflation and unemployment is deteriorating, ever higher rates are needed to hold inflation under control. This, he said, limits the ability of central banks to cut rates.
"Central bank policies are changing and are going to have to change because the cost of being wrong if you lower rates is so much greater than when I was chairman," Greenspan said, in a speech in London sponsored by media company Bloomberg L.P.
Grenspan said that because the balance between inflation and unemployment is deteriorating, ever higher rates are needed to hold inflation under control. This, he said, limits the ability of central banks to cut rates.
- Τι μας λέει δηλαδή ο πρώην Mr FED, απλά πως η ταχεία αποκλιμάκωση των επιτοκίων από τις κεντρικές τράπεζες , εμπερικλείει αρκετά μεγάλο ρίσκο, καθώς η ισορροπία μεταξύ πληθωρισμού και απασχόλησης έχει επιδεινωθεί, και χρειάζονται υψηλότερα επιτόκια για να ανασχεθούν οι πληθωριστικές πιέσεις. Προσοχή λοιπόν στα μάκρο και μίκρο οικονομικά δεδομένα κυρίες και κύριοι, και βλέπουμε.
