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Published 2 months ago

Goldman Sachs CEO Issues Warning on ‘Stickier’ Inflation

Summary by The Epoch Times
Goldman Sachs CEO David Solomon expects inflation to remain elevated for a longer period of time and warned that economic conditions have become “tougher” for lower-income consumers. “After years of easy monetary policy and fiscal stimulus, economic conditions tightened at the fastest rate in 40 years, and yet there was not a recession,” Mr. Solomon wrote in a March 15 annual letter to shareholders. “The U.S. economy has proven more resilient th…

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The Epoch TimesThe Epoch Times

Goldman Sachs CEO Issues Warning on ‘Stickier’ Inflation

Goldman Sachs CEO David Solomon expects inflation to remain elevated for a longer period of time and warned that economic conditions have become “tougher” for lower-income consumers. “After years of easy monetary policy and fiscal stimulus, economic conditions tightened at the fastest rate in 40 years, and yet there was not a recession,” Mr. Solomon wrote in a March 15 annual letter to shareholders. “The U.S. economy has proven more resilient th…

2 months ago·New York, United States
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