Goldman CEO David Solomon warns of stubborn US inflation, calms fears of a deep recession, and talks ChatGPT and AI in a new interview. Here are the 9 best quotes.
and other artificial-intelligence tools among corporate executives. Moreover, he's underlined his bank's support for both fossil-fuel and clean-energy companies, and expressed concern about the US and China's fraught relationship.Here are his 9 best quotes from the conversation:
2."If you're running unemployment at these low levels, it's very hard to get inflation into check. If you're playing a nine-inning baseball game, we're somewhere in the middle of the game. Not near the end of the game." 4."The sentiment around the likelihood of a very difficult economic recession has certainly softened. I think the chance that we could muddle through with either a shallow recession or a soft landing certainly feels more likely."
6."We're off to a very slow start this year, on a relative basis. You'd have to go back 20 years to see announced M&A volumes six weeks into the year as slow as it has been."
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