Golden Finance reported that Goldman Sachs CEO Solomon expects the Federal Reserve to avoid emergency rate cuts because 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 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 emergency rate cuts and does not expect a recession in the United States.