WASHINGTON: US Federal Reserve chairman Alan Greenspan has vowed to keep interest rates low for a long time even as he predicted a hearty economic recovery.
He told Congress on Tuesday that the Fed might even cut official borrowing costs below their current 45-year low of 1% if necessary to prevent deflation.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!