Blankfein Says U.S. Will Have to Suffer Through Spike in Viruses

Lloyd Blankfein said the U.S. will have to stomach a spike in virus cases as the economy reopens because stimulus efforts can’t go on indefinitely.

The former Goldman Sachs Group Inc. chief executive officer said the Federal Reserve has done a good job responding to the coronavirus crisis, but fiscal stimulus may reach a point where it triggers higher U.S. borrowing rates. Policy makers can’t afford to wait for a vaccine to reopen the economy, he said.