'I don't think we're at a moment where there is an impending economic crisis.' Goldman Sachs CEO David Solomon acknowledged the trajectory of America's economy is 'slowing a bit' and that the deepening US-China trade war has potential to cause problems
New York To Goldman Sachs CEO David Solomon, the current economic environment doesn't feel like the pre-crisis days of August 2007. But he identifies at least one thing that could cause the economy to go off track: The trade war.
"I don't think we're at a moment where there is an impending economic crisis," Solomon told CNN Business' Christine Romans during an exclusive interview at the Goldman Sachs 10,000 Small Businesses graduation at the Iowa State Fair. "But look, things could change."Solomon acknowledged the trajectory of America's economy is"slowing a bit" and that the deepening US-China trade war has the potential to cause problems.
Goldman Sachs CEO: It's time for policy change on guns 03:12On Friday, Trump argued the Fed has "handcuffed" the US economy. He called for the central bank to slash interest rates by a full percentage point — an extreme move typically reserved for emergencies.Solomon said that the world has"gotten used to the very, very significant easy money" monetary policy that was used to fight the global financial crisis.
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