U.S. Bank CEOs Say Economic Pessimism Is Lifting

Posted on AllSides February 14th, 2023
From The Center

Companies and households are feeling better about the economy despite elevated uncertainty and recession predictions, the heads of top U.S. banks said Tuesday.

Goldman Sachs Group Inc. Chief Executive Officer David Solomon said sentiment among business leaders has improved. His counterpart at Bank of America Corp, Brian Moynihan, cited resilient consumer finances and spending as positive signs. But both leaders cited risks to the economy, including inflation, and said they would keep a lid on hiring this year to constrain costs.

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International Business Times

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