Goldman Sachs CEO: Fed is expected to not cut interest rates urgently, may cut rates 1-2 times in autumn

Goldman Sachs CEO Solomon predicts that the Federal Reserve will avoid emergency interest rate cuts as he believes the U.S. economy will avoid a recession. Solomon said in an interview, ‘I don’t expect to see any progress before September. The economy will continue to grow steadily and there may not be a recession.’ Solomon said, ‘Based on the current economic data and the messages from the Federal Reserve, I think there may be one or two interest rate cuts in the autumn of this year.’