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 is the current estimated chance of a US recession according to the text?

How has the perception of recession risk changed over the past nine months?

What does the speaker believe about the health of the consumer in the current economy?

What is the speaker's view on the Federal Reserve's need for accommodative policies?

What factors are mentioned that contribute to the current economic data being constructive?