Trump mocks Goldman CEO and says the bank made an incorrect prediction about tariffs.

President Donald Trump criticized Goldman Sachs CEO David Solomon, saying the bank made an 'incorrect prediction' about the impact of Trump’s broad 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 on Tuesday. 'They made an incorrect prediction long ago both about the market repercussions and the tariffs themselves, and they were wrong, just as they are wrong about so many other things.'

Trump did not specify why he was upset with the bank, but his statements follow a research note released on Sunday by Goldman economists, which stated that the impact of the president’s tariffs on consumer prices was just beginning to be felt.

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Consumers in the U.S. absorbed about 22% of the costs of the tariffs by June, but their share is expected to rise to 67% if the latest tariffs follow the pattern of previous years, according to a note from researchers led by Jan Hatzius, the bank's chief economist.

'I think David should hire a new economist or, perhaps, he should just focus on being a DJ, and not worry about running a large financial institution,' Trump added in his post, referring to Solomon's hobby as a disc jockey, which he put on hold after previous criticisms about his management of the bank's strategy.

A spokesperson for Goldman Sachs, based in New York, declined to comment.