as part of its ongoing efforts to bring inflation closer to the 2% goal. Those have included a quarter-point lift at the beginning of the month and, previously, other larger increases.
"I do think when I think about rates, the trajectory of rates, higher/longer," Solomon stated earlier in the podcast. Solomon said the market "thinks a terminal rate is just over 5%" but offered a projection it was "going to be much higher than that." David Solomon, chief executive officer of Goldman Sachs & Co., speaks during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 17, 2021. The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloombergor a soft landing certainly feels more likely." The U.S., Solomon noted, is "still in a period of uncertainty."
How about he take a pay cut?