Article 3FX27 Goldman Sachs boss on Trump tax plan: 'Odds of a bad outcome have gone up'

Goldman Sachs boss on Trump tax plan: 'Odds of a bad outcome have gone up'

by
Edward Helmore in New York
from Economics | The Guardian on (#3FX27)

Lloyd Blankfein warns that Donald Trump's $1.5tn tax cut plan could over-stimulate an already healthy economy

The Goldman Sachs boss, Lloyd Blankfein, has added his voice to the chorus warning that Donald Trump's $1.5tn tax cut and spending plans could lead to an overheated US economy.

"The odds of a bad outcome have gone up," Blankfein told CNN on Wednesday.

Related: Goldman Sachs profits hit by Trump tax overhaul - but banks set to win in long run

Related: Trump pledges to fix infrastructure but $200bn plan falls well short

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