Goldman CEO David Solomon says inflation is ‘deeply entrenched’ in
Goldman Sachs CEO David Michael Solomon attends a discussion on “Women Entrepreneurs Through Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC.
Olivier Douliery | AFP | Getty Images
Goldman Sachs CEO David Solomon said Monday that inflation is deeply entrenched in the economy and it’s unclear whether the situation will improve later this year.
“We see inflation deeply entrenched in the economy, and what’s unusual about this particular period is that both demand and supply are being affected by exogenous events, namely the pandemic and the war on Ukraine,” Solomon told analysts during a call to discuss second-quarter results.
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