Prepare for US Recession, Goldman’s Blankfein Says

Goldman Sachs Senior Chairman Lloyd Blankfein said a U.S. recession is at “very, very high risk,” warning that companies and consumers alike should be ready, Bloomberg reported Sunday. Speaking on CBS’s “Face the Nation,” Blankfein said those running big companies should be “prepared for it,” along with consumers. He said there could potentially be a narrow way to avoid it, with the Federal Reserve having “very powerful tools” to fight off inflation.
Read more...

;