Goldman Sachs CEO says Fed unlikely to cut rates this year

Goldman Sachs GS CEO David Solomon said on Wednesday he does not expect the Federal Reserve to cut interest rates this year.

"I'm still at zero cuts," Solomon said at a Boston College event. "I think we're set up for stickier inflation."

His comments came after Federal Reserve policymakers said on Tuesday the U.S. central bank should wait several more months to ensure that inflation really is back on track to its 2% target before cutting interest rates.