U.S._ Former Goldman Sachs CEO warns people to prepare for economic recession

THE WASHINGTON TIMES

Former Goldman Sachs CEO warns people to prepare for economic recession

In this Sept. 24, 2014, file photo Lloyd Blankfein, Chairman and CEO of Goldman Sachs, speaks in a panel discussion at the Clinton Global Initiative in New York. Business casual has become such an entrenched trend that even Goldman Sachs ... more >


By Ryan Lovelace - The Washington Times - Sunday, May 15, 2022


Former Goldman Sachs CEO Lloyd Blankfein is warning people to prepare for an economic recession.

Asked by CBS’ Margaret Brennan about whether a recession was headed Americans’ way, Mr. Blankfein said it is time to brace for a worsening economic future although a recession is not guaranteed.

“It’s definitely a risk,” Mr. Blankfein said on “Face the Nation.” “If I were running a big company, I would be very prepared for it. If I was a consumer, I’d be prepared for it, but it’s not baked in the cake.”

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READ MORE: https://www.washingtontimes.com/news/2022/may/15/former-goldman-sachs-ceo-lloyd-blankfein-warns-peo/

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