Goldman’s Cohn: You’re Wrong If You Think Markets Ready for Fed
Gary D. Cohn, president and chief operating officer of Goldman Sachs Group Inc.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Years of discussing when and how the Federal Reserve will raise interest rates probably isn’t going to prevent market participants from being caught off guard, Goldman Sachs Group Inc. President Gary Cohn said.
“We’re probably less ready than people think,” Cohn said on a podcast posted Wednesday on the firm’s website. “It won’t at all be surprising to me if there are some interesting market reactions based on official change in rate policy by the Fed.”