David Solomon, the CEO of Goldman Sachs, on Tuesday discussed the probability of the U.S. economy experiencing a soft landing while appearing at a conference.
Goldman Sachs head of personal finance management Joe Duran provides his 2023 market outlook and discusses the firm's 'tough decision' to cut 3,200 jobs on 'Varney & Co.experiencing a soft landing.
"What I’d say is, while it’s still very, very uncertain, the consensus has shifted to be a little bit more dovish in the CEO community that we can navigate through this in the United States with a softer economic landing than what people would have expected six months ago," the Goldman Sachs CEODavid Solomon, Chair and CEO of Goldman Sachs, speaks at the 2022 Milken Institute Global Conference, in Beverly Hills, Calif., May 2, 2022.
Solomon prefaced the comment by saying he was "not an economic forecaster" and "keenly aware of the fact I’m not good at making predictions." He also noted he was "very fortunate to sit in a seat or a position where I have lots of input coming from lots of people around what’s going on in their businesses."The U.S. consumer, he also said at the event, has been "much more resilient than people expected.
"I think there have been behavior patterns based on the way people live and work that have affected people’s
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