Goldman Sachs CEO Lloyd Blankfein: Trump Is "Very Good" for Business

February 13, 2018
Updated 1mo ago

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!