CONSUEMRS

FILE - In this Sept. 24, 2014 file photo, Lloyd Blankfein, Chairman and CEO of Goldman Sachs, speaks during a panel discussion at the Clinton Global Initiative, in New York. Goldman Sachs announced Tuesday, July 17, 2018, that Blankfein will retire as CEO and chairman on Sept. 30, and be replaced by Chief Operating Officer David Solomon. (AP Photo/Mark Lennihan, File)

Goldman Sachs executive Lloyd Blankfein says recession is a high risk factor

Senior Chairman of Investment Bank Goldman Sachs, Lloyd Blankfein said a US recession is, in fact, possible and consumers should be ready for it.