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Blankfein: Fed shouldn't taper more than $10B

  • "I get a lot of surprises in my line of work; very few as positive as that," says Goldman Sachs (GS) CEO Lloyd Blankfein of the company's inclusion in the DJIA.
  • Appearing on CNBC, Blankfein bullet points through a number of issues:
  • Markets have priced in a taper of $10B or less, but anything more than that could make them "sad" as the 150 basis point move in the 10-year yield has already tightened policy (did Blankfein just demand the Fed not move more than $10B?).
  • On keeping firm money with Steven Cohen, Blankfein says it's not appropriate to withdraw funds just because of the indictment and the government wouldn't want that either.
  • On JPMorgan's London Whale fines - the mistakes are old news and the settlement isn't a big deal.
Comments (2)
  • Johann Galt
    , contributor
    Comments (235) | Send Message
     
    In other words- me and my boys are fine, nothing to see here, and you better keep the free cash flowing.
    18 Sep 2013, 09:45 AM Reply Like
  • PeaPod612
    , contributor
    Comments (26) | Send Message
     
    did Blankfein just demand the Fed not move more than $10B?

     

    No, Lloyd Blankfein just offered his informed opinion that the market is discounting a $10 bn monthly "taper". He is not "demanding" anything.

     

    Grow up.
    18 Sep 2013, 10:15 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
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