Goldman on tax plan - "The odds of a bad outcome have gone up"

Goldman Sachs head Lloyd Blankfein told CNN that Donald Trump's $1.5tn tax cut and spending plans could lead to an overheated US economy.

Key quotes (Source: Reuters)

The odds of a bad outcome have gone up

Don't forget, all of these deficits have to be paid for

If the economy starts to overheat, and the Fed feels that it's behind on inflation, it will need to act

I wouldn't throw all in... With the Fed raising rates, with the withdrawal of QE, with the budget deficit widening out, I wouldn't say this is the time I would max out on my risk