Posted September 15, 2018 12:23:37 The Wall Street bank Goldman Sachs on Friday said it would “work with policymakers and market participants to ensure that our policies are aligned with market realities.”
The firm said the “challenges we face in the world today are not unique to the U.S. We will continue to make prudent and informed decisions.”
“We continue to believe that market dynamics require us to make timely, aggressive, and cost-effective decisions to address the global financial system’s vulnerabilities and to support our businesses and our investors,” the statement said.
The bank’s statement came after President Donald Trump on Thursday called for more fiscal stimulus, a plan to slash government spending and to ease regulations, including the rollback of environmental regulations.
The White House has repeatedly said that it is not considering tax increases or other stimulus measures during the transition period, and that the Trump administration has not given the green light to any.
Trump on Thursday reiterated his support for fiscal stimulus and urged Congress to approve it, saying it was time for Republicans to “get their act together.”
He also warned that Congress could not pass a spending plan that does not include spending cuts.
“We are not going to have the fiscal stimulus that the Democrats want and they want,” Trump said.
“They want a tax cut and they have no idea what that’s going to look like.”
He also said Democrats would not agree to a debt-limit increase, saying Democrats “will not do what they want” on the debt limit.
“That’s going back to them, the debt ceiling.
I will not agree with that,” Trump told reporters.