Goldman Sachs CEO Warns Inflation Could Remain High As Prices Squeeze Consumers
- Goldman Sachs CEO warns inflation could prove more persistent than expected
- Prices surged in 2021-2022 due to supply chain issues, tight labor market, stimulus money
- Inflation has fallen from 9.1% peak but remains above Fed 2% target at 3%
- Higher prices disproportionately affecting low-income consumers
- Goldman Sachs laying off 3,200 employees to refocus strategy for 2023 onward
