Blankfein Says Doubt Over Rate Move May Avoid Jarring Market
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Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein said debate about when the Federal Reserve will raise interest rates may help avoid “a jarring surprise” to markets.
It’s difficult to adjust rates slowly because markets anticipate changes in policy and react quickly, Blankfein, 58, said today at an event hosted by Politico in Washington. Public awareness and discussion about what will happen can smooth the process, he said.