Former Goldman Sachs CEO Lloyd Blankfein said on Sunday the banking crisis in the United States was going to expedite overall credit tightening and slow the U.S. economy.
the banking crisis has calmed down. He also told Americans that their deposits are safe.
Both Cohn and Blankfein supported the prediction that the Fed will raise interest rates by 0.25% in the coming week but added that the central bank may need to pause and reassess thereafter to give itself room going forward.
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