WASHINGTON: The US Federal Reserve will do “what is required” to keep inflation in check if the forecast behind its view that interest rates can rise gradually proves wrong, said chairman Alan Greenspan.
Greenspan, speaking to a group of bankers in London via satellite on Tuesday, suggested the Fed was prepared to act aggressively if needed to stem inflation, even as he restated the central bank's view that it could likely act at a “measured” pace.
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