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Entries with tag goldman sachs .

Goldman Sachs CEO David M. Solomon

U.S. News & World Report:  A Week to Watch for the U.S. Economy

The Federal Reserve holds a two-day meeting beginning Tuesday and while it is unlikely the central bank will budge from its commitment to do everything in its power to keep the economy afloat, analysts will be parsing every word that comes from the mouth of Chairman Jerome Powell.

Goldman Sachs CEO David Solomon summed up the view of most economists and Wall Street executives on Wednesday. "The economic reality is that we are still facing a very, very uncertain economic environment," Soloman said while speaking at a conference of the Economic Club of New York, according to CNBC.()



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Goldman Sachs CEO David M. Solomon

BUSINESS INSIDER:   Wall Street giants urge Congress to fast-track 'expensive' stimulus bill before recession worsens

The economy is "still facing a very, very uncertain" outlook, Goldman Sachs CEO David Solomon said Wednesday, and a hefty government response is likely the best option for stemming additional pain.  "Even though it's hard and it's expensive, we are better to blunt the economic impact now in the short term, by spending more, than to allow it to get worse and deal with the consequences of being worse," he said in an online event hosted by the Economic Club of New York.

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GOLDMAN SACHS, CEO, DAVID M. SOLOMON

CNBC Goldman Sachs CEO David Solomon on US economic outlook: `We’re in for a very bumpy ride’


Goldman Sachs CEO David Solomon said Wednesday that the U.S. economy will be hampered by high unemployment and a plodding recovery because of the coronavirus pandemic.

“The economic reality is that we are still facing a very, very uncertain economic environment,” Solomon said during a conference held by the Economic Club of New York.

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