Fed Stimulus Still Makes Sense for Economy, Goldman’s Cohn Says

The Federal Reserve may not taper its stimulus efforts soon as the U.S. economy has failed to pick up and inflation remains low, Goldman Sachs Group Inc. President Gary D. Cohn said.

“If you look at where we are economically, versus where we were a year ago, we’re virtually in the exact same place,” Cohn, 53, said today in a Bloomberg Television interview with Stephanie Ruhle. “So if quantitative easing made sense a year ago, it probably still makes sense today.”