06:50 AM EDT, 08/13/2025 (MT Newswires) -- (Updates with response from Goldman Sachs ( GS ) in the last paragraph.)

Goldman Sachs ( GS ) was urged by US President Donald Trump to find a new chief economist because the bank "made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves," President Trump wrote Tuesday in a post on Truth Social social-media platform.

Trump said Goldman Sachs ( GS ) chief executive officer David Solomon should "go out and get himself a new Economist".

Trump said tariffs have not caused inflation "or any other problems for America," adding that "trillions of dollars are being taken in on Tariffs" and arguing that they have benefited the country's stock market, wealth, and economy. The president further argued tariffs raise costs only for companies and governments, "many of them foreign."

Multiple media outlets reported that Trump appeared to be referring to Jan Hatzius, Goldman's chief economist.

Goldman Sachs ( GS ) declined MT Newswires' request for comment.