U.S. President Donald Trump on Tuesday criticized Goldman Sachs ( NYSE: GS) and its top boss David Solomon for what he said was a "bad prediction" on tariffs and their effect on the stock market. He asserted that tariffs "have not caused inflation" and said Solomon should "get himself a new economist."

A top economist for Goldman Sachs on Wednesday signaled no plans to change how his team conducts and publishes its research after President Donald Trump lashed out at the Wall Street firm and its chief executive because of the research team's estimate that American consumers would bear the brunt of the costs of Trump's tariffs.