Lloyd Blankfein: Wouldn't have pushed for fiscal stimulus - Bloomberg

Lloyd Blankfein, CEO of Goldman Sachs is on Bloomberg Daybreak: Asia, commenting on the Trump budget, specifically the 1.5 trillion dollar fiscal stimulus included in the bill.

Key points:

• Might not be the right time for stimulus spending
• 'Probably' wouldn't have made that decision himself
• Akin to throwing gas on a fire that's already burning
• It might work, but probably not worth the risk
• Would have to cancel spending if inflation overheats, which is a bad political move
• Would have to rely on monetary policy to keep inflation in check instead of natural economy