Greenspan: Rates Could Rise Federal Reserve Chairman Alan Greenspan says the central bank is prepared to raise interest rates more quickly if inflation suddenly worsens. Greenspan, testifying on Capitol Hill, noted the nation's improving economic conditions but said the Reserve would remain vigilant to stabilize prices. NPR's Jack Speer reports.
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Greenspan Says Rates May Rise to Check Inflation

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Greenspan Says Rates May Rise to Check Inflation

Greenspan Says Rates May Rise to Check Inflation

Greenspan Says Rates May Rise to Check Inflation

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  • <iframe src="https://www.npr.org/player/embed/3286031/3604281" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Fed chairman says a spike in inflation could bring a quick rise in lending rates. hide caption

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Federal Reserve Chairman Alan Greenspan says the central bank is prepared to raise interest rates more quickly if inflation suddenly worsens.

Greenspan, testifying on Capitol Hill, noted the nation's improving economic conditions but said the Reserve would remain vigilant to stabilize prices. NPR's Jack Speer reports.