In a CNBC interview last week Trump said, "I'm not thrilled" with the Fed's rate hikes.
"Because we go up, and every time you go up they want to raise rates again. I don"t really I'm not happy about it. ..."Fed chair Jerome Powell is preparing for Trump onslaught
The Federal Reserve Chief Jerome Powell and his policymaking committee have raised rates twice in 2018 and forecast two more bumps this year and three in 2019.
The Federal reserves strategy can make stocks less attractive, and lifting rates too rapidly can trigger a recession.
"The Fed's policy making committee is made up of 12 voting members who can't be swayed in any single direction, he says.
"Seven are Fed board governors appointed by the president but they have 14-year terms and can only be removed for cause."
In other words, President Trump has little to no sway over the Federal Reserve.
Multibillionaire bond manager Jeffrey Gundlack says the federal deficit and the cost to service that debt are rising at the same time is putting the U.S. on a "suicide mission,""The federal debt is exploding," Gundlach said.