BE PREPARED: U.S. at 'Very, Very High Risk' of Recession | Goldman's Blankfein via Bloomberg

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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

Goldman’s Blankfein Says US Should Prepare for Recession

By

Ian Fisher

May 15, 2022, 4:25 PM UTC Updated on May 15, 2022, 7:23 PM UTC

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.”

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