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Trump Mocks Goldman Sachs

August 12, 2025 · 10:55 am ET · Leave a Comment

President Trump assailed David Solomon, the CEO of Goldman Sachs, saying the bank had made a “bad prediction” about the impact of his sweeping tariff agenda on markets and consumer costs, Bloomberg reports.

Said Trump: “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.”

He added: “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.”

Financial Markets

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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