Connect with us

Hi, what are you looking for?

News

‘Very, Very High Risk Factor’

Appearing on CBS’s Face the Nation, former Goldman Sachs CEO Lloyd Blankfein warned the United States could plunge into a recession.

A transcript is as follows:

MARGARET BRENNAN: Do you think we’re headed towards recession?

LLOYD BLANKFEIN: We’re certainly heading — it’s a very, very high risk factor. There’s a path, a narrow path, but I think the Fed has very powerful tools. It’s hard to finely tune them and hard to see the effects of them quickly enough to alter it. But I think they are responding well. It’s definitely a risk. If I was running a big company I would be very prepared for it. If I was a consumer, I would prepared for it. But it’s not baked in the cake.

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like

News

FIRST ON FOX: The Biden administration’s sweeping Title IX proposal, which would bring in gender identity, mirrors an action memo from a George Soros-funded advocacy group...

Entertainment

Welcome to Best of Late Night, a rundown of the previous night’s highlights that lets you sleep — and lets us get paid to...

News

Republican Derrick Van Orden shows a strong lead against his Democrat opponent, Deb Baldus McGrath, on her recent internal poll. McGrath’s internal poll, conducted by Public...

News

Chicago Mayor Lori Lightfoot is standing by her profane attack on Supreme Court Justice Clarence Thomas after she yelled “F— Clarence Thomas’” at a...

Advertisement