Trump tells Goldman Sachs CEO David Solomon to replace economist over tariff predictions

Core Viewpoint - President Trump criticized Goldman Sachs CEO David Solomon for the bank's economic predictions regarding tariffs, suggesting he should either replace his economist or focus on his DJ career [2][3]. Group 1: Tariff Impact - Trump claimed that tariffs have not caused inflation or other issues for America, asserting that they have resulted in significant revenue for the federal government [2]. - According to Goldman Sachs' chief economist Jan Hatzius, American consumers absorbed 22% of tariff costs through June, with projections indicating this share could rise to 67% by October if the impact of later tariffs mirrors that of earlier ones [4]. Group 2: Goldman Sachs' Predictions - Trump accused Goldman Sachs of making inaccurate predictions regarding market repercussions and tariffs, stating that the bank's assessments have been consistently wrong [3]. - The president did not specify which economist he believes Solomon should replace, but emphasized the need for more accurate economic forecasting [3].