Goldman Sachs Exec. Doesn't Expect Interest Rate Cuts in 2024
Speaking at the ICI 2024 Leadership Summit, Goldman Sachs executive John Waldron stated he did not expect the Federal Reserve to cut interest rates in 2024. Indeed, the investment bank’s President and COO discussed his perspective on the ongoing inflation concerns in the United States. During the conversation, Waldron did note that the firm’s chief economist “forecast that there are two more rate cuts ahead.” However, he questioned the speed of the Central Bank, and called on the Federal Reserve to finally “slay the inflation dragon.” JUST IN: Goldman Sachs CEO says he doesn't expect the Fed to cut interest rates this year. — Watcher.Guru (@WatcherGuru) May 22, 2024 Also Read: Grayscale Hires Goldman Sachs’ Peter Mintzberg as New CEO Goldman Sachs President Doesn’t Forsee Interest Rate Cuts This Year Over the last several years, the US has been engrossed in an ongoing fight against rising inflation. To combat this, the Federal Reserve committed to a tight...