Gate News message, April 21 — Goldman Sachs CEO David Solomon said in an interview that the level of U.S. recession risk could increase or decrease based on a single tweet. He added that current forecasts for economic recession remain relatively optimistic.
Solomon’s remarks highlight how social media posts from former President Trump can trigger significant market volatility. Last week, Trump posted a statement claiming Iran agreed to never close the Strait of Hormuz (a claim not verified by Iran), which led to stock market gains and a decline in oil prices.
Goldman Sachs spokesperson Tony Fratto clarified that “anyone who watched this interview would clearly see that David was joking.”
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