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

Goldman Sachs CEO Solomon expects the Federal Reserve to avoid an emergency rate cut because he believes the U.S. economy will avoid a recession. "I don't expect to see any progress before September. The economy will develop steadily and there may not be a recession," Solomon said in an interview. "Based on the economic data we are seeing and the information sent by the Federal Reserve, I think there may be one or two rate cuts this fall." (Jinshi)