Trump has announced he intends to nominate to conservative political allies - Stephen Moore and former 2012 Republican presidential candidate Herman Cain - for two current vacancies on the seven-member Fed board.
'Very little if any inflation, and I think they should drop rates and get rid of quantitative tightening.
Trump has repeatedly criticized the Fed's rate increases previous year, and has reportedly even discussed firing Fed Chairman Jerome Powell months ago.
Today's figures from the Bureau of Labor Statistics showed that wage growth slowed to 3.2 per cent in March compared to a year earlier, from 3.4 per cent in February, but new jobs increased by 196,000. "We have our point of view".
"I personally think the Fed should drop rates".
"Moore and Herman Cain, are interested in fixing the price of the dollar in quantities of gold - bringing back a system that President Richard Nixon abandoned in 1971", Bloomberg explained. "There's no inflation", Trump told reporters as he departed the White House for California on Friday. "We'd have a standard on which to base our money".
Trump repeatedly criticized the Fed under President Barack Obama for holding down interest rates and its policy of quantitative easing, an effort to inject more liquidity into the economy by buying Treasury bonds and mortgage securities.
Meanwhile, Reuters explained that half a dozen Fed officials in recent days have touted the underlying strength of the American economy and argued a recent spate of weak data on business activity is more likely to prove fleeting than lasting.