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CBS News

How Alan Greenspan’s “irrational exuberance” underlies today’s politics

By Home - CBSNews.com
June 22, 2026 1 Min Read
Comments Off on How Alan Greenspan’s “irrational exuberance” underlies today’s politics
Alan Greenspan, who chaired the Federal Reserve under four U.S. presidents, died Monday at 100. In 1996, Greenspan warned about what he called "irrational exuberance." CBS News chief Washington correspondent Major Garrett explains how the phrase is exemplified in today's politics.
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