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Goldman CEO: US Growth Potential Too Big to Fear

Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc.
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Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc.

There is residual fear in the market from the economic crisis that may be keeping a lid on the recovery but Goldman Sachs Chairman and CEO Lloyd Blankfein said the U.S. market has nothing to fear but fear itself.

Interviewed at the Investment Company Institute's (ICI) General Membership Meeting on Thursday, Blankfein told ICI president and CEO Paul Schott Stevens that he is relatively optimistic about the U.S. market. However, more growth would occur if businesses started taking some modest risks.

"Debt is cheap, but no one is borrowing to invest in their own businesses," Blankein said.