Saturday, September 15, 2007

Greenspan Sees Political Pressure on Fed as Inflation Picks Up (Bloomberg.com)

Sept. 15 (Bloomberg) -- The Federal Reserve may need to double its benchmark interest rate to at least 10 percent by 2030 to contain inflation, sparking a political showdown that could challenge its independence, former Chairman Alan Greenspan said.

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[Source: Yahoo! News Search Results for political news]

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