Alan Greenspan says inflation ‘is inevitably going to rise’ as deficit balloons over $1 trillion


Fed Chair Alan Greenspan issued his latest warning Tuesday about the fiscal situation in the U.S., saying that larger budget deficits ultimately will cause inflation.

The spending shortfall has surged under President Donald Trump, rising to just shy of $1 trillion in fiscal 2019.

Greenspan told CNBC that “inflation is inevitably going to rise” and pose larger threats to the economy.