Goldman Sachs CEO: Fed may cut rates once or twice this year

David Solomon, CEO of Goldman Sachs, said in an interview on Tuesday that the Federal Reserve may cut interest rates once or twice later this year, which is different from his prediction two months ago that there would be no interest rate cuts until 2024. Two months ago, Solomon stated at an event at Boston College, "I still expect zero interest rate cuts this year. I think we are ready to deal with more serious inflation."