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David Solomon, CEO of Goldman Sachs, performing on the CNBC Squawk box outside the World Economic Forum in Davos, Switzerland, January 22, 2025.
Jerry Miller | Cnbc
Don’t tuck with DJ D-SOL- Goldman Sachs Name of the Stage Director David Solomon when he rolls by clubs His other life as yes -gee.
US President Donald Trump criticized Goldman On Tuesday, for predicting the fact that the tariffs are pushing inflation and said that Solomon “should get out and get a new economist, or maybe he just focused on being and -j.”
In response, Goldman defended the results of his research, according to CNBC’s interview with Bank economist David Merick.
“If the most recent tariffs, like the April tariff, follow the same scheme as with those earlier furious, then by the fall, we estimated that consumers will have about two thirds of the cost,” Meris said.
Essentially, Goldman is not the only Bank of Wall -Story that teaches this view.
UBS Senior economist Brian Rose wrote that “the tendency to reduce basic inflation was broken when tariffs start to feed on retail prices” while Michael Ferro, chief American economist who Jpmorgan chaseHe said in the note that tariffs could “add 1-1.5% to inflation, some of which have already taken place.”
Of course, consensus opinion does not mean that the forecasts will come true. Recall how much economists were except certain The recession in the US will take place in 2023 – just for Economics grow by 2.5% this year.
In any case, if Goldman-and economists from other banks state that in tariff inflation, and Trump, in the hypothetical scenario, it is possible to push Solomon from his position, at least the DJ D-SOL will still scroll the records.
– Jeff Cox in this report submitted to this report CNBC
What do you need to know today
And finally …
Apple CEO Tim Cook (R) shakes his hand with US President Donald Trump during an event at the White House Octal on August 6, 2025 in Washington, Columbia District.
Win McNamee | Gets the image
How big technologies pay their way from tariffs on Trump
The best technology executives perform at the forefront of recent unprecedented transactions with the US President Donald Trump. In particular, Nvidia and Advanced Micro devices, as well as Apple, have reached the White House agreements.
“The flurry of deals is an effort to provide easier treatment for tariffs,” Paolo Pescatore, an analyst at PP Provesight, said. Big technology companies can “poorly afford millions of dollars of additional payments that will pay even more profit, as emphasized by recent quarterly income,” Peskatore said.
– Sam Medit
