“We’re still in a recovery zone,” Gorman, 54, said today in an interview with Bloomberg Television’s Erik Schatzker at the World Economic Forum in Davos. “There’s still a lot of muted areas around the world. There’s nobody running a victory lap just yet.”
Gorman said he doesn’t think existing stimulus measures by central banks are creating asset bubbles.
“I’d be hard-pressed to describe this as toppy,” he said.
To contact the reporter on this story: Michael J. Moore in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Steve Dickson at email@example.com