NEW YORK: Goldman Sachs CEO David Solomon said the US economy is likely to avoid a significant recession, but warned that inflation will likely be mor...
Solomon says the chance of the US economy having a relatively soft landing and navigating through this has gone up very meaningfully over the last 12 months. – ReuterspicGoldman Sachs CEO David Solomon said the US economy is likely to avoid a significant recession, but warned that inflation will likely be more persistent than market participants currently expect.
“I have a personal point of view that inflation is going to be a little bit more sticky than the more optimistic views,” Solomon said. “There’s still work to do.” “You’re seeing now this month a bunch of significant IPOs in the market,” said Solomon, who noted that Goldman was involved in most of the initial public offerings. “They’re meaningful, they’re going well,” he said.
“People are starting to open up to a better environment and think a little bit more forward strategically, but there’s a lag time,” Solomon said. JPMorgan Chase CEO Jamie Dimon blasted the proposed rules, telling investors on Monday that they could prompt lenders to pull back and stymie economic growth.
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