Goldman Sachs president Waldron is expecting a soft landing for the US economy

Goldman Sachs president and COO John Waldron spoke on Thursday, Greg had his key comments here:

• Goldman Sachs president Waldron: We are very bullish on AI

Waldron also had a few words on the broader economy, on the prospects for avoiding recession. Speaking with CNBC:

• We’re still subscribers to, generally speaking, a soft landing scenario
• “I would say soft landing doesn’t mean everything is perfect and it lands on a nice soft pillow
• Sometimes you have fits and starts in a soft landing. I think that’s what we’re seeing right now

This’ll be welcome news for the Federal Reserve. A hard landing/recession would see them forced to slash rates.

This article was written by Eamonn Sheridan at www.forexlive.com.