‘Focus on being a DJ': Trump mocks Goldman Sachs chief after note
However, he gave up his DJing hobby in 2023 after he attracted criticism following a downturn in profits at Goldman.
Goldman Sachs declined to comment on the Trump post.
In a separate post on Tuesday, Trump threatened to sue the chairman of the US Federal Reserve hours after official data showed inflation steady at 2.7 per cent.
The US president said he was considering allowing a 'major lawsuit' against Jerome Powell over his handling of the renovation of some of the central bank's buildings.
He blamed the Fed chairman for 'the horrible, and grossly incompetent, job he has done in managing the construction of the Fed buildings'.
He wrote on Truth Social: 'Three Billion Dollars for a job that should have been a $50 Million Dollar fix up. Not good!'
Tensions escalated between the two men in July when Trump visited the 'very expensive' renovation work at the US central bank.
In footage broadcast live, Mr Powell openly disagreed with the US president after he declared new figures had 'just come out' suggesting the cost of renovating some buildings at the Fed had climbed from $US2.7 billion to $US3.1 billion ($4.1 billion to $4.8 billion).
His attempt to blind side the Fed chairman backfired when Powell issued a stern rebuttal, as he quickly identified that the White House had included works previously done to another building several years earlier.
Trump on Thursday also attacked the Fed chairman for being 'too late' to cut interest rates, which he said had done 'incalculable' damage to the American economy.
The latest update in the row came as official figures showed US inflation rose at a slower pace than expected last month.
The US consumer prices index was 2.7 per cent in June, according to figures by the Bureau of Labor Statistics (BLS) – better than analyst expectations of 2.8 per cent.
Trump recently became embroiled in a row with the BLS, sacking its top statistician earlier this month after official data showed a sharp slowdown in the US jobs market. The president claimed that Erika McEntarfer had 'rigged' jobs data 'in order to make a great Republican success look less stellar'.
Trump on Tuesday nominated EJ Antoni, an economist from the Heritage Foundation, a Right-wing think tank, to take over the post.
Just hours after his appointment, Antoni said he would suspend monthly publication of the jobs data and move to quarterly statistics claiming that there were concerns over the accuracy of the data.
He told Fox Business: 'How on earth are businesses supposed to plan – or how is the Fed supposed to conduct monetary policy – when they don't know how many jobs are being added or lost in our economy? It's a serious problem that needs to be fixed immediately.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
7NEWS
an hour ago
- 7NEWS
Prime Minister Anthony Albanese calls Israel's blocking of aid into Gaza an ‘affront to common decency'
Israel limiting humanitarian aid into Gaza goes against international law and is an 'affront to common decency', the prime minister says. Australia is among 29 countries that issued a joint statement overnight calling for urgent action by Israel to allow aid to enter Gaza. 'The humanitarian suffering in Gaza has reached unimaginable levels,' the statement said. 'Famine is unfolding before our eyes.' 'Humanitarian space must be protected and aid should never be politicised.' Prime Minister Anthony Albanese said Israel's actions in blocking aid to the region was 'not defensible'. 'It's certainly not something that's consistent with international law,' he told ABC radio on Wednesday. 'We're also seeing people killed while trying to get access to food and water. Now, in 2025 that's completely unacceptable. 'It is an affront to common decency and community humanity what is happening in Gaza.' Israel has denied responsibility for the lack of food in the Gaza Strip, accusing Hamas of stealing aid shipments. It has also denied there is starvation among the population, although it has throttled the flow of food to Gaza for months, according to international human rights groups. The prime minister's latest comments come two days after he announced Australia would recognise Palestinian statehood at September's UN General Assembly, joining the UK, France and Canada in the move. The shift means Australia's foreign policy has diverged from that of the US, a key ally that has for decades opposed formal recognition of Palestine. However, the White House has declined to directly criticise Australia for its actions in recognising Palestine after US President Donald Trump suggested a similar move from Canada could affect trade talks. A spokesman told Nine newspapers the president had an open mind on the status of Palestine, despite not backing statehood. Albanese said the US would have a critical role to play in peace talks. 'One of the things that has defined president Trump's position internationally on global affairs is that he is an advocate for peace and he's been an advocate for peace in the Middle East for a long period of time,' he said. While some have argued Australia's decision to break from the US could imperil the bilateral relationship, Flinders University international relations expert Jessica Genauer said the government's diplomatic calculus had helped dampen any impact. 'Because Australia waited until other important countries all said they're planning to recognise Palestine ... I don't think it will be singled out by the US,' Genauer said. 'The Trump administration is opposed to countries recognising Palestine, but I think that they would put Australia in with a whole group of other countries and it wouldn't particularly be detrimental to Australia's relationship.' Australia will join more than 140 UN member states in recognising Palestine, but Opposition Leader Sussan Ley said the prime minister's priorities were wrong. 'He's clearly distracted by what he's been talking about now for weeks with respect to Palestinian recognition, that is actually not going to make the world a safer place,' she told Seven's Sunrise program. The coalition has pledged to reverse the recognition decision should it win the next election. Crossbench senator Fatima Payman, who defected from Labor in 2024 after criticising the government's stance on the Middle East, said recognising statehood was overdue but could not be an end point. 'Symbolism matters, but saving lives matters more so when we're thinking about what Australia needs to do next, it's to make sure that they keep that pressure on Israel,' she told ABC radio.
Perth Now
an hour ago
- Perth Now
‘Critical': Big AUKUS call amid Trump fears
AUKUS is 'critical' to Australia's defence, Assistant Defence Minister Peter Khalil has declared while spruiking it in Adelaide with visiting US congressmen. US representatives Joe Courtney and Trent Kelly are in Australia for the Australian American Leadership Dialogue – an annual conference aimed at highlighting the deep ties between Canberra and Washington. Both men are staunch supporters of the US-Australia alliance, including AUKUS, which the Trump administration is reviewing. Speaking to media, Mr Kelly, a Republican like Donald Trump, said the bilateral relationship was like no other. 'Our relationship with our Australian partners is one that cannot be can't be replicated,' he told reporters, standing alongside Mr Khalil and South Australian Premier Peter Malinauskas. 'And so it's important that we continue to grow as friends. 'I've seen that relationship over the last two or three years as AUKUS has matured, grow stronger and better.' Republican congressman Trent Kelly says the US-Australia relationship 'can't be replicated'. Naomi Jellicoe Credit: News Corp Australia Mr Kelly was speaking from Osborne Naval Shipyard, where five nuclear-power AUKUS submarines will be built, assuming the US stays in the defence pact. More than $1.5 billion in federal funds have already been pumped into preparing to build and maintain them. Australia will also get at least three American-made Virginia-class submarines under the agreement. Mr Khalil said the Albanese government welcomed the Trump administration's review, declaring it 'brings forward the issues that are actually important for us to discuss about how we can get the best out of this partnership'. 'The AUKUS partnership is something that is historic,' he said. 'It's critical, it's important.' He went on to say the 'advanced capability that we get out of the Virginia-class and the future AUKUS submarines is extremely important'. 'We're talking about making sure that we have the ADF and the defence capability to deter and deny adversaries from impacting negatively our national interests, forcing others to come back to the negotiating table rather than using force,' Mr Khalil said. 'Investment in defence is about investment in peace.' Assistant Defence Minister Peter Khalil says AUKUS is an 'investment in peace'. Naomi Jellicoe Credit: News Corp Australia US President Donald Trump's defence policy chief Elbridge Colby announced he was delaying the AUKUS review late last month and did not give a firm date for its completion. Instead, Mr Colby, an AUKUS sceptic, said the review would be completed 'in the fall' – much longer than the initial 30 days. The delay comes as the Albanese government resists Washington's demand to hike defence spending to 3.5 per cent of GDP in response to China's rapid military build-up. Announcing the delay, Mr Colby's office said the AUKUS review would 'be an empirical and clear-eyed assessment of the initiative's alignment with President Trump's America First approach'. 'As part of this process, the (US Department of Defence) looks forward to continuing regular engagements on this important matter with other parts of the US government, the US Congress, our allies Australia and the United Kingdom and other key stakeholders,' his office said. 'The department anticipates completing the review in the fall. 'Its purpose will be to provide the President and his senior leadership team with a fact-based, rigorous assessment of the initiative.'
ABC News
2 hours ago
- ABC News
Russian troops make gains ahead of Trump-Putin summit
Andy Park: Russian troops have made sudden gains on the battlefield in Ukraine, an attack that may be designed to increase Russia's bargaining power when Presidents Putin and Trump meet in Alaska on Friday. Experts say the summit could be a profoundly alarming moment for Europe if it results in a split in the transatlantic alliance. President Trump has mooted a possible Russia-Ukraine land swap as a way to end the conflict, a dangerous precedent in the eyes of other European nations. Stephanie Smail reports. Stephanie Smail: In the Donetsk region in the country's east, Ukrainian troops say Russia's land grab is intensifying. There's just a few days before the Alaskan meeting between President Trump and President Putin where peace will be a major focus, but soldier Myroslav says on the battlefield drone strikes are increasing. Myroslav: Every time they talk about peace talks, there's a lot of intensity on their part. They climb out of all the cracks and try to seize as many territories as possible by any means. Whenever peace talks begin, things on the front get terrifying. Stephanie Smail: As the fighting drags on, Ukraine's President Volodymyr Zelenskyy has warned no deals can be sealed at Friday's meeting between President Putin and President Trump. Volodymyr Zelenskyy: It's impossible to talk about Ukraine without Ukraine and no one will accept that. So the conversation between Putin and Trump may be important for their bilateral track, but they can't agree on anything about Ukraine without us. Stephanie Smail: The US President Donald Trump has suggested a deal that would see Ukraine ceding land to Moscow could benefit both sides, but the Ukrainian leader has categorically rejected that idea. President Zelenskyy says a leadership meeting, including Ukraine, needs to happen to secure long-term peace. Volodymyr Zelenskyy: If we want to end the war, it will happen. Various issues will be raised there. We must stand for the truth and do everything to end this war. Stephanie Smail: Mr Zelenskyy and some of his European counterparts are due to hold a virtual meeting with Mr Trump today to canvas their concerns. The White House has acknowledged Friday's meeting is missing one of the parties involved in the war, but spokeswoman Karoline Leavitt says President Trump is hopeful a meeting between Russia, Ukraine and the US will happen too. She's described this week's meeting as a listening exercise for President Trump. Karoline Leavitt: I think the President of the United States getting in the room with the President of Russia, sitting face to face rather than speaking over the telephone, will give this President the best indication of how to end this war and where this is headed. Stephanie Smail: Russia currently holds shaky control over four of Ukraine's regions, two in the country's east and two in the south. But experts warn Russia's plans are much bigger than securing more land. Nigel Gould-Davies: The war is not primarily about territory. The area that Russia claims for itself of Ukraine amounts to the equivalent of about 0.7 per cent of Russia's existing total internationally recognised landmass. Stephanie Smail: Nigel Gould-Davies is a senior fellow at the International Institute for Strategic Studies. Nigel Gould-Davies: This is a profoundly alarming moment for Europe and I include in Europe, Ukraine. In the worst case, Trump might be persuaded by Putin to try to end the war by accepting Russian sovereignty over the areas of Ukraine that it claims. And in addition to that, there is the fear that Trump will ease or lift the sanctions. Stephanie Smail: He argues those sort of moves could provoke a serious split in the transatlantic alliance. Nigel Gould-Davies: It's clear that Ukraine cannot accept them, but it's also impossible to see how Europe could do so. So on the single most immediate and urgent and dangerous geopolitical issue of today, we would see a stark and irreducible divergence of view between Washington and European capitals. Stephanie Smail: Others are confident the meeting could deliver progress if President Trump can talk tough with President Putin. Daniel Fried: Putin is going to push for the maximum as long as he thinks he can get away with it. And Trump's job is to show Putin that he can't get away with it, not anymore. Stephanie Smail: Daniel Fried is a former US Assistant Secretary of State for European and Eurasian Affairs. Daniel Fried: Trump sure has an appetite for winning. And if I were briefing the president, I would say this is one where you show strength now and you show Putin is the weaker one and you vindicate yourself and show all your critics that they were wrong. It's the opportunity for a big win for Trump. That's how I would picture it. Stephanie Smail: 26 European leaders have issued a statement declaring that Ukrainians must have the freedom to decide their own future ahead of the Alaska talks. Andy Park: Stephanie Smail.
