Business

Alan Greenspan: Tightest Labor market, I’ve ever seen

Alan Greenspan

Former Federal Reserve Chairman Alan Greenspan told CNBC on Thursday the United States currently has the tightest labor market he’s ever seen.

Greenspan, 92, suggested the nearly 50-year low unemployment rate coupled with American corporations clamoring for workers will force up wages and inflation. “Ultimately prices take hold,” he said.

Referencing CNBC