"Speaking with reporters on the White House lawn, Trump said that he believes the central bank" really slowed us down" with the four rate hikes previous year.
"It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike". Trump has repeatedly berated the Fed chairman, Jerome Powell, demanding the Fed lower interest rates to boost the economy.
"When I saw Trump's tweet, the feeling I had is that it increases the odds the Fed tightens this week to assert their independence", said Carl Tannenbaum, chief economist at Northern Trust and a former Fed economist.
Trump and Kudlow have both been critics of the Fed's policies under Powell, who Trump nominated for the top US central banking job.
"These two appointments to the Fed are the worst, ill-suited appointments that the president could come up with", Pelosi told reporters, pointing out that Vice President Mike Pence said earlier Thursday that Cain and Moore share Trump's views on the economy.
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Still, the Fed is anxious about the economy overheating and says small, gradual interest rate increases are the best way to tap the brakes a bit to ensure inflation doesn't rise too quickly and bubbles don't form. The Federal Reserve raised rates four times in 2018, but paused at its first two meetings in 2019 saying it will be "patient" as it assesses the need for any additional changes in the policy rate, now in a range of 2.25 percent to 2.5 percent.
Mr Cain is one of two loyalists that Mr Trump has said he would like to place on the Fed board.
"I think my qualifications stand up pretty well", he said. But they're likely to have zero influence on the rest of the board. "He's not a political person in any way", she said.
The pressure has led Democrats to raise concerns that the Fed is being politicised.