Economy

Alan Greenspan lists inflation and the budget deficit as his biggest concerns

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Former Federal Reserve Chairman Alan Greenspan said his biggest economic concerns in the U.S. are inflation and the budget deficit.

“My overall view is that the inflation outlook is unfortunately negative and that’s essentially the result of entitlements crowding out private investment and productivity growth,” Greenspan said in an interview Thursday on CNBC’s “Squawk on the Street.”

It was the first televised interview the “Maestro” has given since the coronavirus pandemic hit in March.

Speaking about the virus, Greenspan said, “We know very little so we pretend a great deal.”

On the budget deficit, he said the federal government’s spending imbalance is “getting out of hand.” Through July,…



Source cnbc.com

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