Goldman Sachs Group Inc. Chief Govt Officer David Solomon says the Federal Reserve gained’t take any emergency steps to assuage markets after the bout of volatility in current days. “I don’t anticipate that you just’ll see something earlier than September,” Solomon mentioned in an interview for an upcoming episode of The David Rubenstein Present: Peer to Peer Conversations. “Primarily based on the financial knowledge we’re seeing now and the messaging from the Fed, I believe it’s doubtless that we’ll see a lower or two within the fall.” This interview was recorded August 6 in New York.
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