Inflation, debt put U.S. economy in fragile position: Goldman Sachs CEO

NEW YORK, Jan. 15 (Xinhua) -- The United States is facing high inflation and increasing debt, and the economy is in a fragile place, according to David Soloman, the chief executive officer (CEO) of Goldman Sachs.

U.S. consumers were still powering the economy last year. But they have really felt that inflation is "extraordinarily punitive," Soloman said Tuesday at NRF 2025: Retail's Big Show, a yearly expo organ