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Wall Street Executives Urge Another Round of Federal Stimulus

Oct. 16, 2020, 4:28 PM

Lawmakers must approve another round of fiscal stimulus to keep the U.S. economic recovery on track, executives from Goldman Sachs Group Inc. and Wells Fargo & Co. said Friday.

Goldman President John Waldron applauded the federal government’s rapid financial response in the early months of the coronavirus pandemic, but said more needs to be done. The absence of additional stimulus could hamper the comeback, particularly in the U.S., he said during the Institute of International Finance annual membership meeting, held virtually this year.

John Waldron
Photographer: Paul Miller/Bloomberg

“We are going to see a much tougher road to recovery,” Waldron said. Coming back fully ...

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