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Former Fed Chair Alan Greenspan warns high inflation isn't going away soon as 'other forces at play'

1 month ago   |   By Business Insider

Former Federal Reserve chief Alan Greenspan.
Steven Ferdman/Getty Images
Underlying pressures are likely to keep inflation higher for longer, according to former Fed Chair Alan Greenspan.
While the rising demand for goods and services has caused prices to spike, it should subside over time, he said.
Instead, what will lead to a more inflationary environment is monetizing government debt and its effect on the money supply, he said.
Inflation looks likely to remain higher for longer due to underlying pressures, according to former Federal Reserve Chair Alan Greenspan. While the rising demand...
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