Goldman Sachs CEO Issues Warning on ‘Stickier’ Inflation
By Naveen Athrappully 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…
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