Goldman Sachs Chairman and CEO David Solomon said the U.S. must either achieve higher economic growth or adjust its spending policy, warning that pressure will grow if the balance is not corrected. Speaking at the G20 finance meeting in North Carolina, Solomon said AI could lift U.S. growth over the next 5-10 years, citing productivity gains. He noted the consumer remains resilient, with real GDP growth at 1.5% in Q2'26 and corporate profits up 22.8% year-over-year. The 30-year Treasury yield closed at 5.22% on August 28, 2026. Solomon also downplayed froth in capital markets, saying credit issuance is from large companies with strong cash flows and equity issuance is near its ten-year average relative to market cap. Goldman Sachs recently posted record quarterly revenues of $20.3 billion and a 23.5% ROE.
Goldman Sachs Group IncCEO comments on fiscal policy and growth, record revenues and ROE highlighted
NVIDIA CorporationCEO cites AI as potential growth driver, indirectly positive for NVIDIA
