Lloyd C. Blankfein, the chief executive of Goldman Sachs, said on Wednesday that the Federal Reserve should being scaling back its huge economic stimulus efforts.
The Fed is buying $85 billion a month of government bonds and mortgage securities. Mr. Blankfein, attending a conference in Chicago, told Andrew Ross Sorkin that Wall Street would be “happy†with the Federal Open Market Committee easing the program back by $10 billion, but would be “sad†with anything more. The Fed will announce its plans at 2 p.m. today.
