- Blankfein noted he had supported Clinton's White House bid.
- Business confidence has surged under Trump as the administration has cut corporate taxes and pledged to roll back regulations.
ADVERTISEMENT
Goldman Sachs CEO gives Trump credit for the economy, says it's better than if Hillary Clinton won (GS)
Blankfein had supported Clinton's White House bid.
The US economy is better off under President Donald Trump that it would have been under Hillary Clinton, according to Lloyd Blankfein, the CEO of Goldman Sachs.
"If the president didn't win and Hillary Clinton won ... I bet you the economy is higher today than it otherwise would be," Blankfein said in an interview with CNN's Christine Romans.
Blankfein had backed Clinton's bid for the White House.
ADVERTISEMENT
Two days before Trump's inauguration, he linked Wall Street's newfound confidence to Trump, but fell short of giving him full credit. "
Economic growth has remained strong since Trump took office in November 2016, and hit his 3% target in two quarters last year. Business leaders' confidence has been bolstered by corporate tax cuts and pledges by the Trump administration to roll back regulations.
And now, there's concern about higher inflation, partly because of the new administration's fiscal stimulus.
Blankfein added that he was talking about the economy, "not other things." He's taken to Twitter to criticize Trump about some of those "other things," including the president's reported description of Haiti and African countries. " ...
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT