After Donald Trump secured his second presidential term, the financial industry initially responded positively, anticipating tax cuts and a more favorable regulatory landscape. However, recent months have confounded many in the sector, as the Trump administration’s implementation of sweeping tariffs and trade conflicts has led to market declines and increased concerns about a potential recession.
David Solomon, CEO of Goldman Sachs, has acknowledged the sense of uncertainty currently permeating the business community. Leaders and investors are seeking greater clarity amid these uncertain times. Solomon noted that the U.S. economy remains robust, describing it as a diverse and powerful engine that is more resilient than in previous decades. Nonetheless, he emphasized the significant uncertainty posed by current policy measures.
During a comprehensive discussion with Brittany Boals Moeller, Goldman’s regional head for San Francisco private wealth management, Solomon addressed topics such as leadership, tariffs, and investor anxiety. This dialogue formed part of the Rising Leaders Forum, an exclusive gathering organized by Goldman Sachs and the philanthropic organization Robin Hood for young investors in their 20s and 30s. Notable speakers at the event included Maryland Governor Wes Moore, Barry Sternlicht, co-founder and CEO of Starwood Capital Group, and basketball star Caitlin Clark.
Solomon shared insights from his long-standing collaboration with Robin Hood, advising the approximately 150 attendees, including entrepreneurs, startup founders, and wealth inheritors, on the importance of considering their legacies and contributing to a better world. The forum featured various panels and information sessions designed to help participants enhance their philanthropic impact.
This marks the second year that Goldman Sachs has co-hosted the forum with Robin Hood. According to Goldman’s Boals Moeller, the event aims to provide clients with vital knowledge for philanthropic planning, while also facilitating connections among the next generation of ultra-high-net-worth investors and business leaders.
Robin Hood’s CEO, Richard Buery Jr., stated that the organization aims to encourage younger investors and philanthropists to engage with and improve their communities. The Rising Leaders Forum serves as a platform for fostering such involvement and bettering the city, highlighting the essential nature of providing equal opportunities for success.
The original account of these events was published on Fortune.com.
