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.

Goldman Sachs, one of Wall Street's largest banking and investment firms, predicts that consumer prices will increase significantly in the fall due to President Trump's tariffs. Tom Wait reports.

A new analysis finds that U.S. consumers have absorbed only a small portion of the tariffs imposed by the Trump administration — but Goldman Sachs expects that to change in the months ahead.