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Greenspan: Get ready for another taper tantrum
Photo Credit: Adam Jeffery | CNBC

Greenspan: Get ready for another taper tantrum

By Lawrence Delevingne | CNBC.Com | May 13, 2015

Another market disruption from higher interest rates is virtually certain, according to former Federal Reserve Chairman Alan Greenspan.

“Just remember we had the ‘taper tantrum.’ And we’re going to get another one,” Greenspan said Wednesday at the Global Private Equity Conference in Washington, DC.

“This is a very tough period to get through,” he added about the Fed increasing interest rates. “Normalization is great, but the process of getting there is going to be very rocky.”

Greenspan said there was no way to get around bond market volatility but said it was necessary to help the Fed and other central banks reduce overall debt.

He did not give specifics on how fast Fed Chair Janet Yellen should increase rates, currently predicted to be a highly gradual process from near-zero.

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By Lawrence Delevingne | CNBC.Com | May 13, 2015 Another market disruption from higher interest rates is virtually certain, according to former Federal Reserve Chairman Alan Greenspan. "Just remember we had the 'taper tantrum.' And we're going to get another one," Greenspan said Wednesday at the Global Private Equity Conference in Washington, DC. "This is a very tough period to get through," he added about the Fed increasing interest rates. "Normalization is great, but the process of getting there is going to be very rocky." Greenspan said there was no way to get around bond market volatility but said it…

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About Stuart Webb

Stuart Webb is an activist, citizen journalist as well as entrepreneur. Stuart's educational background is self education, common sense, the U.S. Constitution and is currently studying at BYU Idaho working towards a degree in Accounting then Law. He currently works full time at a marketing company in Fresno, California. Stuart is the Co-Owner/CEO/Editor of Weaponized News.

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