Goldman Sachs CEO: It is expected that the Federal Reserve will not cut interest rates urgently, and may cut interest rates 1-2 times in the autumn

On August 7, Solomon, CEO of Goldman Sachs, predicted that the Federal Reserve will avoid an emergency interest rate cut because he believes the US economy will avoid a recession. "I don't expect to see any progress until September," Solomon said in an interview. "The economy will be smooth and there may not be a recession." Solomon said, "Based on the economic data I see so far and the message from the Federal Reserve, I think there may be one or two rate cuts this autumn."