"We stand by the results of this study,” Goldman economist David Mericle told CNBC's Squawk on the Street on Wednesday.

President Donald Trump called for Goldman Sachs CEO David Solomon to replace its chief economist after a prediction that consumers would pay the brunt of the cost for tariffs.

New Delhi: US President Donald Trump has criticised Goldman Sachs CEO David Solomon, saying the bank made a ‘bad prediction’ regarding the impact of his tariff policies on US consumers. Trump posted on his social media platform Truth Social that “David Solomon and Goldman Sachs refuse to give credit where credit is due.”