Goldman Sachs CEO sees risk of higher global inflation, slower growth

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FILE PHOTO: David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills

RIYADH – Goldman Sachs Chief Executive David Solomon said on Tuesday there is a risk of higher inflation and slower growth globally.

There will be consequences for having accommodative monetary policy for a long time, Solomon said at the Future Investment Initiative conference in Saudi Arabia’s capital, Riyadh.

(Reporting by Saeed Azhar and Davide Barbuscia; Editing by Kirsten Donovan)