'Just focus on being a DJ': Minutes after lashing out at Jerome Powell, Trump trains guns at Goldman Sachs' David Solomon

US President Donald Trump shakes hands with Goldman Sachs CEO David Solomon as Trump arrives for an "Invest America" roundtable discussion in the State Dining Room of the White House in Washington, DC on June 9, 2025. (AFP)

US President Donald Trump lashed out at Goldman Sachs CEO David Solomon. Just minutes after he blasted US Fed Chair Jerome Powell, Trump targeted Goldman Sachs over tariff assessments. Earlier in the day, the economists at Goldman Sachs had released a note saying that the impact of additional levies ‘on consumer prices were just starting to be felt.’ In his quint-essential style Trump went on to say that Goldman Sachs is wrong about tariffs.

“Trillions of Dollars are being taken in on Tariffs, which has been incredible for our Country, its Stock Market, its General Wealth, and just about everything else. It has been proven, that even at this late stage, Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasury’s coffers. Also, it has been shown that, for the most part, Consumers aren’t even paying these Tariffs, it is mostly Companies and Governments, many of them Foreign, picking up the tabs. But David Solomon and Goldman Sachs refuse to give credit where credit is due. 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 said on Truth Social.

Taking a swipe at Solomon’s side hustle, Trump also said, “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’s remarks followed data released earlier Tuesday showing that underlying inflation accelerated in July, while goods prices increased at a slower pace. The softer goods inflation eased worries over tariff-driven price pressures and boosted expectations of a Federal Reserve rate cut in September.

Meanwhile, in another post, Trump said that he might allow “a major lawsuit” against the US central bank chief to move forward, renewing his criticism of renovations at the Federal Reserve headquarters and his push for lower interest rates.

“The damage he has done by always being Too Late is incalculable,” Trump wrote on his Truth Social platform, targeting Fed Chair Jerome Powell.

He said he is considering permitting a lawsuit over Powell’s handling of the Washington renovations but offered no further details. Trump has repeatedly attacked Powell this year for holding interest rates steady since the Fed’s last cut in December.