Goldman Sachs president and COO John Waldron spoke on Thursday, Greg had his key comments here:
Waldron also had a few words on the broader economy, on the prospects for avoiding recession. Speaking with CNBC:
- We’re still subscribers to, generally speaking, a soft landing scenario
- “I would say soft landing doesn’t mean everything is perfect and it lands on a nice soft pillow
- Sometimes you have fits and starts in a soft landing. I think that’s what we’re seeing right now
This’ll be welcome news for the Federal Reserve. A hard landing/recession would see them forced to slash rates.
This article was written by Eamonn Sheridan at www.forexlive.com. Source