Lloyd Blankfein, CEO of Goldman Sachs is on Bloomberg Daybreak: Asia, commenting on the Trump budget, specifically the 1.5 trillion dollar fiscal stimulus included in the bill.
Might not be the right time for stimulus spending
‘Probably’ wouldn’t have made that decision himself
Akin to throwing gas on a fire that’s already burning
It might work, but probably not worth the risk
Would have to cancel spending if inflation overheats, which is a bad political move
Would have to rely on monetary policy to keep inflation in check instead of natural economy
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