Goldman Sachs boss David Solomon is way more pessimistic than his own analysts – he sees just a 35% chance the Fed avoids a recession

Dec 7 2022 by Business Insider

 
There's just a 35% chance that the Federal Reserve is able to achieve a soft landing, Goldman Sachs CEO David Solomon has warned.

Danny Moloshok/Reuters

There's just a 35% chance of a 'soft landing' scenario where the Federal Reserve avoids a recession, according to Goldman Sachs CEO. David Solomon said Tuesday that he has a more pessimistic outlook than his bank's own analysts for economic growth. Even Goldman Sachs will have to make cuts in a downturn, according to Solomon.

The odds are...

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