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Goldman Sachs CEO expects higher inflation -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Goldman Sachs CEO and Chairman David Solomon is seen at the 50th World Economic Forum meeting in Davos. January 21, 2020. REUTERS/Denis Balibouse/File Photograph

NEW YORK (Reuters), Goldman Sachs (NYSE 🙂 David Solomon, Chief Executive of Goldman Sachs (NYSE 🙂 said that while inflation may rise for a time, he doesn’t anticipate a return to the same level as in 1970s.

His words were: “There is a good chance we will have inflation above the trend for some time, but it does not mean that it must be like 1970s,” It’s important to manage risk and be prudent.

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