President Donald Trump assailed Goldman Sachs Group Inc. Chief Executive Officer David Solomon, saying the bank made a “bad prediction” about the impact of Trump’s sweeping tariff agenda on markets and consumer costs. “David Solomon and Goldman Sachs refuse to give credit where credit is due,” the president said on his social-media platform Tuesday. “They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else.” Trump didn’t specify why he was upset with the bank, but his remarks follow a research note Sunday by Goldman economists that said the impact of the president’s tariffs on consumer prices was just starting to be felt. Consumers in the US have absorbed an estimated 22% of tariff costs through June, but their share will rise to 67% if the latest tariffs follow the pattern of levies in previous years, according to a note by researchers led by Jan Hatzius, the bank’s chief economist. “I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution,” Trump added in his post, referencing Solomon’s hobby as a disc jockey, which he put on pause after earlier criticism over his handling of the bank’s strategy. A spokesperson for Goldman didn’t immediately respond to a request for comment. The latest broadside follows Trump’s criticisms of some of Wall Street’s biggest lenders, accusing them of debanking clients for political reasons. The president has publicly lambasted JPMorgan Chase & Co. and Bank of America Corp. with claims they’ve refused clients on such grounds, allegations the banks deny. Despite those tensions, the sector stands to benefit more broadly from the president’s deregulation agenda and expectations for lower capital requirements. It’s also been less than two weeks since the president met with Solomon at the White House to discuss his bank’s potential role in plans for an initial public offering of government-held mortgage giants Fannie Mae and Freddie Mac. The president’s post came after data released earlier Tuesday showed underlying inflation picked up in July, though prices of goods rose at a more muted pace, tempering concerns about tariff-driven price pressures and raising expectations for a Federal Reserve rate cut in September. With assistance from Katherine Doherty. ©2025 Bloomberg L.P. This article was generated from an automated news agency feed without modifications to text. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Trump Ridicules Goldman Sachs CEO, Claims the Bank Misjudged Its Stance on Tariffs.
