Goldman Sachs is organizing a push to get Congress to revamp the Small Business Administration, arguing the organization is outdated and could cause problems for business owners.
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York City, New York, U.S., November 17, 2021.
Goldman Sachs CEO David Solomon expressed skepticism about the outlook for the U.S. economy at an investment conference in Saudi Arabia in late October. Solomon said at the time he anticipates that economic conditions would "tighten meaningfully from here" and that the Fed could hike rates beyond the expected peak range 4.5% to 4.75% if inflation does not cool and the labor market remains extremely tight.
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during the Bloomberg New Economy Forum in Singapore. Solomon went on to say that he expects the U.S. to enter a recession soon. "I think most likely we might be in a recession in Europe, and so until you get to that point where you see a change — whether it’s in labor, the demand side — you are going to see central banks continue to move on that trajectory," he said.
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