Lloyd Blankfein is warming up to the administration. President Donald Trump has been "very good" for the economy, Blankfein, CEO of Goldman Sachs, told Cheddar's senior anchor Kristen Scholer in a wide-ranging interview covering politics, the economy and business late Tuesday. Blankfein publicly supported Hillary Clinton during the 2016 presidential race. However, he's applauded Trump several times recently, pointing to an improving economy under the President and recently tweeting approvingly about Trump's speech at Davos. "From a business point of view, which I think is very important, because I think the key to success of America has to be the strength of the economy, I think he's been very good," Blankfein said of the president. "He certainly has conditioned us to expect some relief from redundant and cumulative regulation; he cut back taxes, which frees some money to be done, and I think he's generally positive for business." While Blankfein said he and Trump have engaged several times since the inauguration, Blankfein has a longer history with another member of the Trump administration: Gary Cohn. "From where I'm sitting it looks like [Cohn] is doing a good job," Blankfein said of his former colleague, who was chief operating officer at the bank. Blankfein also said that market volatility hasn't vanished, and the bank is being "flexible" when it comes to adjusting its trading strategy in the current environment. One asset Blankfein isn't sure about: Bitcoin. "A lot of it is hype," he said. For the Full interview [click here](https://cheddar.com/videos/goldman-sachs-ceo-lloyd-blankfein-weighs-in-on-market-volatility-crypto-and-trump)!

Share:
More In Business
Starbucks’ Change Flushes Out a Debate Over Public Restroom Access
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
Load More