"If the Fed had done the job properly, as it hadn't, the stock market would have been up to 5000 to 10,000 extra points, and GDP would have been well over 4% instead of 3% … with almost no inflation," Trump tweeted.
He added, "Quantitative tightening was a killer, should have done the opposite!"
The comment comes in the middle of open senate against its two picks for open seats on the Federal Reserve Governor, former Republican presidential candidate Herman Cain and economic commentator Stephen Moore.
Four Republicans said last week that they would not vote for confirm Cain, a former Republican presidential candidate who had previously sat on the Kansas City Regional Fed Board for sexual harassment charges against him. He has denied the allegations.
Meanwhile, Moore, a former Wall Street Journal editorial director and CNN analyst, has been heavily criticized for reversing opposition to low interest rates when President Barack Obama was in the office.
A CNN KFILE review of speeches and radio interviews by Moore found that he has a history of anticipating self-described "radical" views on the economy and government, including support for the elimination of corporate and federal income taxes altogether.
Massachusetts Democratic Sen. Elizabeth Warren called Friday Moore "unqualified and unfit" for a Fed seat, and wrote in a letter to Moore that he "has a long history of making wildly inaccurate statements of economic policy that seem to serve political ends. "
But the White House advisers have made clear that the President wants to nominate people who share his financial views. He has repeatedly criticized the Fed, and specifically called out chairman Jerome Powell ̵[ads1]1; a Trump nominee – over interest rate increases.
Several changes seem to be waiting for now. Last month, Fed officials voted to keep interest rates alike and agreed to hold on to a longer pace of interest rate changes and signal that the Fed would not rise in 2019. The latest interest rate hike came in December.
CNN's Donna Borak, Haley Byrd, Katie Lobosco, Andrew Kaczynski, Paul LeBlanc, Manu Raju and Ted Barrett contributed to this report.
