Lates News

US Treasury Secretary Bensen: I believe the US economy will achieve high GDP growth without traditional inflation. In the past few days, various sectors have been reviewing Greenspan's tenure. He was extremely visionary, with US productivity growth of about 1.5% on the eve of the 1990s, but he predicted that the modernization of office equipment and the internet boom could drive a non-inflationary economic prosperity. In the early 1997, the Federal Reserve only raised interest rates slightly once, briefly tightening policy. In addition to this, the US experienced the longest economic expansion in history. It is very likely that we will replicate this situation again.