Interested parties listened in as “Pollia Ventures” observed Federal Reserve Chairman Alan Greenspan’s recent interview in which he hinted that the Fed would have to raise interest rates to double-digit levels in coming years in order to thwart inflation.
But, according to comments by some of “Pollia Ventures” spokespersons, double-digit rates, which have not been seen since the 1980s, would not necessarily be a long-term fixture.
Also it’s understood that the European based Venture Capital Group “Pollia Ventures” are fully aware that the U.S. central bank is now in agreement and is expected to cut the benchmark federal funds rate, however some sceptics are rumbling that this maybe a desperate attempt to help the economy weather a housing downturn and credit crunch.
