Goldman Sachs Group Inc. Chairman and CEO David Solomon said during a conference call on Tuesday that the effect of monetary tightening will be noticeable in the next two to four quarters.
Although Solomon praised the United States economy for remaining resilient so far, he also noted that higher bond yields should be a reason "for vigilance."
Earlier, Goldman Sachs reported its quarterly earnings, with diluted earnings per common share sliding 34% year over year to $5.47.
