In 1996, US Federal Reserve chairman Alan Greenspan famously warned of an 'irrational exuberance' in financial markets.<br />Now, Business Insider reports Greenspan has spoken about his sense of economic foreboding once more.<br />Greenspan told CNBC on Thursday that inflation, the coronavirus, and budget deficits are the critical issues the US is facing right now.<br />He said the clear increase in entitlements and growing budget deficits are getting 'out of hand,' and that he was deeply worried about inflation.<br />All in all my major concern is inflation. It obviously hasn't emerged in any significant way as yet, but I think that's the area where our problems lie. Alan Greenspan Former Chairman, US Federal Reserve<br />Husband of MSNBC's Andrea Mitchell, Thursday's CNBC appearance was Greenspan's first televised interview since the pandemic began.<br />He said the US knows very little about the coronavirus, 'so we pretend a great deal.'
