Goldman Sachs CEO: The U.S. economy is trending towards weakness, and tariff chaos is dragging down growth
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Goldman Sachs CEO David Solomon warned that the U.S. economy is trending towards weakness, pointing out that Trump's trade war has impacted the economic growth outlook. He mentioned that recent employment data shows signs of weakness, and although wholesale inflation has decreased, prices remain high. JPMorgan Chase CEO Jamie Dimon also stated that the economy is gradually weakening, and non-farm payrolls will be revised down by 911,000. Solomon emphasized the importance of central bank independence and believes that the Federal Reserve does not need to cut interest rates quickly
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