David Solomon, CEO of Goldman Sachs Group Inc., during a Bloomberg Television interview in Versailles, France, on May 13, 2024.
Goldman Sachs Group Inc. CEO David Solomon said he currently expects that the Federal Reserve won't cut interest rates this year, amid an economy that's proved more resilient thanks to government spending.
"I still don't see the data that's compelling to see we're going to cut rates here," he said from an event hosted by Boston College, adding that he's currently predicting "zero" cuts. Investments in artificial intelligence (AI) infrastructure have also helped make the economy more resilient to the Fed's monetary tightening, he said.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
