Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Watch Live

National

Greenspan Says Rates May Rise to Check Inflation

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

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.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Advertisement

Fact-based local news is essential

KPBS keeps you informed with local stories you need to know about — with no paywall. Our news is free for everyone because people like you help fund it.

Support local independent journalism now.