Goldman’s Solomon Is More Confident the Fed Can Avoid a Deep Recession
- Solomon’s remarks come before Powell’s comments on rate hikes
- ‘So far, the Fed seems to be doing a good job,’ Solomon says
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Goldman Sachs Group Inc. Chief Executive Officer David Solomon said there’s a “meaningfully higher” chance of a soft landing for the economy now than there was six months ago, echoing the sentiments of his peers that the US could avoid a serious downturn.
“The chance of our having a soft landing here as we go ’23 into ’24 is even higher than I thought it was six months ago,” Solomon said Tuesday at the RBC Capital Markets Global Financial Institutions Conference.