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Wealth
Economics

Goldman’s Blankfein Says US at 'Very, Very High Risk' of Recession

  • It’s not ‘baked in’ and policy makers have a narrow path
  • Says Fed has been responding well to historic price increases
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Goldman’s Blankfein Says US Should Prepare for Recession
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Goldman Sachs Senior Chairman Lloyd Blankfein urged companies and consumers to gird for a US recession, saying it’s a “very, very high risk.”  

“If I were running a big company, I would be very prepared for it,” Blankfein said on CBS’s “Face the Nation” on Sunday. “If I was a consumer, I’d be prepared for it.”