The Biden administration has three open seats to fill on the central bank's policy-setting committee.
Fed officials have repeatedly stressed that the U.S. economy continues to need aggressive monetary policy support.
Air travel and hotels were found to be particularly vulnerable to price drops.
A former governor said that the Fed supported asset prices, but did little for the economy.
“Incompetence is a terrible thing to watch," Trump tweeted.
Opposition from Trump's own Republican senators virtually killed Herman Cain's candidacy.
“We have much more of a Fed problem than we do with anyone else,” President Trump said Tuesday.
He was wrong about the 2008 financial crisis and right about Trump's impact on the market.
Robert Shiller says rising mortgage rates could create short-term gains in home prices.
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