President Donald Trump directly criticized the Federal Open Market Committee in a July 2 interview, calling the board 'maybe a little bit hostile' and suggesting it 'wants to do the wrong things' by signaling potential rate hikes. His remarks came after the June 17 Summary of Economic Projections showed nine of 18 FOMC members projecting at least one rate increase before the end of 2026 to combat inflation driven by the Iran war. Trump has repeatedly pushed for rates to be cut to 1% or lower, despite the federal funds target already being reduced six times to a range of 3.50%–3.75%. Analysts warn that the president's ongoing attacks on Fed credibility could undermine investor confidence and hurt a historically expensive stock market that has relied on debt-financed AI infrastructure spending.