Trump claims Fed chairman Powell "almost looks like he's happy" to be raising interest rates.
The Fed raises rates by a quarter point. "I don't like all of this work that we're putting into the economy and then I see rates going up".
The criticism echoes comments Trump made last week in an interview with Fox Business in which he said that the Fed is his "biggest threat".
"If strong growth and robust employment gains were to continue into 2019 and be accompanied by a material rise in actual and expected inflation", he said, "that circumstance would indicate to me that additional policy normalization might well be required beyond what I now expect".
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If Trump was to somehow manage to gain control or at least influence over the Fed, the implication would be that rates stay lower for a longer period.
USA firms nationwide complain trade disputes with China and others are boosting the prices of key inputs, while they continue to face widespread labor shortages, the Federal Reserve said Wednesday.
Asked in the Wall Street Journal interview what he saw as the biggest risks to the United States economy, Mr Trump said: "To me the Fed is the biggest risk, because I think interest rates are being raised too quickly". As more investors dump riskier assets such as stocks, they often turn to Treasury bonds that offer safe and predictable returns. "By law he can only fire governors "for cause" and raising interest rates can hardly be considered a cause - whether Congress would stop him perhaps depends on whether Democrats manage to take the house [in the midterm elections]", says Elsa Lignos, head of FX strategy at RBC Capital Markets. He feels there is insufficient evidence that inflation will return, and rate hikes are unnecessary at this stage.
The recent equity selloff early this week was driven by a series of fears, including a global economic slowdown and further Fed tightening, according to analysts. The Dow Jones Industrial Average rose 400 points, or 1.6 percent, while the S&P 500 gained 1.9 percent, and the Nasdaq surged 3.0 percent.
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Speaking of the monetary policy, Clarida said he believed the Fed's monetary policy "remains accommodative".
After the financial crisis erupted in 2008, the Fed kept rates at historically low levels to revive the ailing economy.
Despite the unemployment rate at a record low and rising wages, he admitted that the inflationary pressures aren't that strong.
In assessing current conditions, Clarida said growth broadly and with the job market in particular has surprised him. He said there's no clear sign of inflation accelerating above 2 percent.
Two shot, killed at Kroger in Kentucky
Fischer said Thursday he's "sick and heartbroken" that two people were shot to death, and says the tragedy "hit close to home". The shooting took place in broad daylight in a grocery store and its parking lot Jeffersontown, a suburb of Louisville.
Indirectly, the USA president can gradually change the composition of the policymaking board with successive appointments, picking candidates that favor lower rates and looser policy.