the staff of the Ridgewood blog
WASHINGTON, D.C. — President Donald Trump took aim at Goldman Sachs CEO David Solomon on Tuesday, telling him to “focus on being a DJ” instead of running one of Wall Street’s most powerful investment banks.
Trump’s criticism came after Goldman Sachs economists issued a report warning that U.S. consumers could increasingly bear the costs of tariffs. The report, first highlighted by Bloomberg News, runs counter to Trump’s long-standing position that tariffs have boosted U.S. revenues without raising consumer prices.
Trump Slams Wall Street’s ‘Bad Predictions’
In a series of posts on Truth Social, Trump accused Solomon and Goldman Sachs of failing to give his trade policies proper credit.
“David should go out and get himself a new economist or just focus on being a DJ, and not bother running a major financial institution,” Trump wrote.
The former president blasted Wall Street for advising clients to buy foreign stocks and trade against the U.S. and the Trump agenda, others calling it “financial malpractice.” Trump harped on Goldmans inaccurate predictions about the market’s reaction to tariffs and the broader economy.
Economic Backdrop
Trump’s comments followed the July Consumer Price Index (CPI) report, which showed annual inflation holding at 2.7%, slightly better than analyst expectations of 2.8%. Trump touted the report as proof that tariffs had not fueled inflation.
“Tariffs have not caused inflation or any other problems for America — other than massive amounts of cash pouring into our Treasury’s coffers,” he posted.
A CEO with a Side Hustle
David Solomon, who has openly discussed his passion for DJing, previously told the Financial Times in 2023 that he even performed at his daughter’s wedding — but emphasized the hobby does not distract from his role as CEO.
Solomon’s warning about “uncertainty” in the markets came after Trump announced broad tariffs on multiple countries during his so-called “Liberation Day” announcement.
This is not the first time Trump has targeted a corporate leader. Just last week, he called for Intel CEO Lip-Bu Tan’s resignation before later softening his stance after an in-person meeting at the White House.
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Hilarious !
Another self absorbed wall street douchbag
Solomon would say that. He is the head of an international investment bank. Meanwhile, Trump is the President of the USA. The free ride for many of these foreign nations is over.