Former Goldman Sachs CEO Lloyd Blankfein said the economy faces a "high risk" of recession as the U.S. Federal Reserve raises interest rates to combat inflation.
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Asked by CBS’ Margaret Brennan about whether a recession was headed Americans’ way, Mr. Blankfein said it is time to brace for a worsening economic future although a recession is not guaranteed.
Former Goldman Sachs CEO Lloyd Blankfein warns people to prepare for economic recession
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