Fed chief says China rate move should come soon

Fed chairman Alan Greenspan told the US senate on Thursday 21 April that growing economic pressure will force China to change its policy of pegging its currency to the dollar at some point, and the sooner it happens the better.

"The sooner they move off this fixed (rate), the better off for China's economy," Greenspan said in response to questions after urging lawmakers to move quickly to cut US budget deficits or risk putting the economy in peril of stagnation "or worse."

Greenspan said China

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.