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Goldman Sachs CEO: Greed outweighs fear in the market
Svmuureports that Goldman Sachs CEO David Solomon stated that the stock market's boom is driven by a desire for profit, which outweighs concerns about economic turmoil and inflation risks. Solomon said on Tuesday: "The current situation is that greed far outweighs fear, and capital is abundant." Solomon also acknowledged that the risk of rising inflation could prompt the Federal Reserve to raise interest rates. He stated: "I believe inflationary pressures are real, and if they exceed expectations, I think the Fed will take action."
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