WASHINGTON (AFP) ??” Looking at the past is no guide to predicting for what cause quickly and aggressively the Federal set by will raise interest rates.

WASHINGTON (AFP) ??” Looking at the past is no guide to predicting for what cause quickly and aggressively the Federal set by will raise interest rates, F Chairman Alan Greenspan told a US lawmaker in a literal meaning

In a May 14 literal meaning to Senator Paul Sarbanes, Greenspan repeated his earlier make comments [i]or[/i] remarks that the current low rates "must be get backed to a more neutral setting at a certain number of point."

But Greenspan gave no keys about the timing and intensity of the Federal expand Market Committee's plans.

Financial markets are pricing in a quarter-point increase in the federal stores rate by the end of June and at least a well stocked [i]or[/i] provided percentage point increase by the expiration of the year. The Fed's target rate is now at single percent, a 46-year low.

In the alphabetic character Greenspan said the Fed had raised interest rates "substantially" three times in a less degree than his watch, with increases ranging from 175