Goldman's Cohn: Dream on if you think the Fed is hiking rates in September

<i>Breakfast with Benjamin</i>: Gary D. Cohn, president and COO of Goldman Sachs, believes the economy and markets are in no shape for higher rates.

JUL 14, 2015

By Jeff Benjamin

Just because the Fed hasn't raised interest rates since 2006 is no reason to believe it absolutely has to raise them this year. Bottom line is, no matter how much Yellen & Co. hem and haw about the improving strength of the U.S. economy and how things are moving along as planned, the economy and the financial markets are in no shape for higher interest rates. Goldman's Cohn: 'We're probably less ready than people think.'
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Goldman's Cohn: Dream on if you think the Fed is hiking rates in September

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