Economy

Goldman CEO Solomon sees policy, not the pandemic, as the biggest risk ahead for markets

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Congress and the Federal Reserve will have more impact on what happens to the economy and markets than the pandemic, Goldman Sachs CEO David Solomon said Tuesday.

Both entities have implemented never-before-seen levels of policy help totaling about $10 trillion since March 2020.

With support from both starting to fade in the days ahead, the leader of the Wall Street investment banking giant said investors should take heed and plan accordingly.

“I don’t believe we’re in a new paradigm where the world will be fundamentally different. But it’s going to take some time to move forward,” Solomon told CNBC’s Andrew Ross Sorkin during a live “Squawk Box” interview. “In the context of that, I think…



Source cnbc.com

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