Goldman CEO Solomon Sees Recession 'Likely' in US

The video discusses the tightening of economic conditions in the U.S. and Europe, driven by the Federal Reserve's interest rate targets. It highlights the tight labor market and the Fed's focus on the demand side. The speaker predicts a likely recession in the U.S. and possibly in Europe, emphasizing the difficulty of escaping embedded inflation without an economic slowdown. Central banks are expected to continue their current trajectory until significant changes occur.

What is the speaker's opinion on the likelihood of a recession in the US and Europe?

How do central banks plan to respond to the current economic conditions?