Goldman Sachs CEO: It is expected that the Federal Reserve will not make emergency rate cuts, but may cut rates 1-2 times in the fall

Goldman Sachs CEO Solomon predicts that the Federal Reserve will avoid emergency rate cuts, as he believes the U.S. economy will evade recession. In an interview, Solomon said: "I don't expect to see any progress before September. The economy will develop steadily and may not experience a recession."

Furthermore, Solomon also stated: "Based on the current economic data and information issued by the Federal Reserve, I think there might be one or two rate cuts this fall. The recent stock market adjustment could be healthy. The Fed is expected to abandon emergency rate cuts and it's predicted that the U.S won't face an economic recession."