In this episode of Goldman Sachs Exchanges, Allison Nathan interviews John Waldron, President and COO of Goldman Sachs, about the current economic environment and the challenges facing corporate decision-makers. Waldron discusses the resilience of the U.S. economy, potential impacts of tariffs and interest rates, and how companies are adjusting their business plans in response to policy uncertainty. He also addresses concerns about U.S. deficits, the shift in global asset allocation, and the potential for growth in Europe, particularly Germany. Additionally, Waldron shares insights into Goldman Sachs' risk management strategies and strategic priorities, emphasizing client service, durable business models, and investments in technology and infrastructure. He concludes by reflecting on his leadership approach and the importance of communication, global engagement, and a focus on people and culture.