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Former Fed Chairman Alan Greenspan Speaks on Inflation at Huobi Summit 2021

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Summary: At Huobi Summit 2021: Blockchain and Beyond, headline speaker and former Fed Reserve Chairman Alan Greenspan talked about the worsening impact of inflation and the ramifications for the world economy.  "Most of the current price change is largely driven by pandemic-related shifts, that should subside over time. But the burgeoning country debt and the economic ...

At Huobi Summit 2021: Blockchain and Beyond, headline speaker and former Fed Reserve Chairman Alan Greenspan talked about the worsening impact of inflation and the ramifications for the world economy. 

"Most of the current price change is largely driven by pandemic-related shifts, that should subside over time. But the burgeoning country debt and the economic relief may have a net impact on US' federal budget deficit, pushing monetary policymakers to be less accommodative to avoid setting off demand-side inflations, which may be a more sustainable basis," said Former Federal Reserve Chairman Alan Greenspan.

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