Goldman Sachs Chairman Lloyd Blankfein said the US should be prepared for recession.

A recession warning came from Goldman Sachs, one of the largest banks in the USA. Lloyd Blankfein, Chairman of the Board of Goldman Sachs, pointed out that a recession in the USA is very, very high risk and said companies and consumers should be ready.

Blankfein also made evaluations about the Fed’s monetary policy. Stating that the Fed has very powerful tools to bring down inflation, Blankfein added that the Fed responded well.

While the risk of recession in the USA has been expressed more recently, Fed Chairman Jerome Powell also made statements on this subject. In an interview last week, Powell said that inflation is very high, but they have the tools to control it. Powell stated that their goal is to bring inflation back to 2 percent without putting the economy into recession and keeping the labor market strong.