'Very, Very High Risk Factor'
Share this @internewscast.com



Appearing on CBS’s Face the Nation, former Goldman Sachs CEO Lloyd Blankfein warned the United States could plunge into a recession.

A transcript is as follows:

MARGARET BRENNAN: Do you think we’re headed towards recession?

LLOYD BLANKFEIN: We’re certainly heading — it’s a very, very high risk factor. There’s a path, a narrow path, but I think the Fed has very powerful tools. It’s hard to finely tune them and hard to see the effects of them quickly enough to alter it. But I think they are responding well. It’s definitely a risk. If I was running a big company I would be very prepared for it. If I was a consumer, I would prepared for it. But it’s not baked in the cake.



Share this @internewscast.com
You May Also Like

Post-Roe, states struggle with conflicting abortion bans

BOISE, Idaho – In Arizona, Republicans are fighting among themselves over whether…

Jax Beach Pier to open July 4th weekend

Jacksonville Beach Pier is going to be the site of a Fireworks…

Mom shot to death while pushing stroller on Upper East Side

NEW YORK (AP) — Police say a 20-year-old woman was fatally shot…

Eye Opener: Texas Supreme Court blocks order to allow abortions

Eye Opener: Texas Supreme Court blocks order to allow abortions – CBS…

Lance Storz Killed Two Officers, Injured Five Others: Cops

Lance Storz. (Image via the Pike Co., Kentucky Detention Center.) Authorities in…

Chaos expected during summer travel boom

The human drive to bust out and explore is helping fuel the…

‘Revolutionary’ high court term on abortion, guns and more

WASHINGTON – Abortion, guns and religion — a major change in the…

Pope appoints first cardinal from Amazon rainforest

RIO DE JANEIRO – When the Archbishop of the Brazilian city of…