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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.

Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.

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SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

The independent journalism and non-commercial programming you rely on every day is in danger.

If you’re reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

Together, we can defend it. It’s time to protect what matters.

Your voice has protected public media before. Now, it’s needed again. Learn how you can protect the news and programming you depend on.

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