Goldman Sachs CEO David Solomon Says Chance of Near-Term Recession `Not Significant'

The transcript discusses the probability of a US recession, noting an increase from 15% to 25% but still considering it small. Economic data shows healthy consumer activity and earnings growth, despite slower industrial sectors. The Federal Reserve's focus on data suggests no immediate need for lower interest rates, contrary to some administration views.

What was the initial probability of a US recession mentioned by the speaker?

• 25%

• 10%

• 15%

• 20%

According to the speaker, which sector of the economy is showing slower growth?

• Healthcare

• Technology

• Industrial and manufacturing

• Consumer spending

What is the speaker's view on the likelihood of a near-term recession?

• Moderately likely

• Highly likely

• Not significant

• Inevitable

What does the speaker think about the Federal Reserve's current stance on interest rates?

• Rates should be increased

• Rates should be decreased

• Rates should remain stable

• Rates should be negative

What is the speaker's opinion on the Fed's focus regarding economic data?

• The Fed is ignoring data

• The Fed is focused on constructive data

• The Fed is confused by the data

• The Fed is overly optimistic