FILE PHOTO: Goldman Sachs’ Chairman and CEO David Solomon attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse/File Photo
December 7, 2021
NEW YORK (Reuters) – Goldman Sachs Chief Executive David Solomon anticipates inflation will be higher for a period but doesn’t expect a repeat of the cost rises seen in the 1970s, he said in an interview with CNBC.
“There’s a reasonable chance that we’re going to have inflation above trend for a period of time but that doesn’t mean it has to be like the 1970s,” he said. “You’ve got to be cautious and manage your risk appropriately.”
(Reporting by Matt Scuffham, Editing by Louise Heavens)
Source: One America News Network
