Goldman Sachs CEO: Expects the Federal Reserve will not cut interest rates urgently, but may cut rates in the fall.

Goldman Sachs CEO Solomon expects the Fed 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," Solomon said in an interview. "The economy will develop steadily and there may not be a recession." Solomon said, "Based on the economic data we have seen so far and the information sent by the Federal Reserve, I think there may be one or two rate cuts this fall." Solomon said: The recent stock market adjustment may be healthy. The Federal Reserve will abandon the emergency rate cut and does not expect a recession in the United States.