Former President Donald Trump has launched a fresh attack on the Federal Reserve, accusing the central bank of keeping interest rates excessively high and asserting that its board is composed entirely of politicians who are meddling in policy decisions.

Trump's criticism targets the Fed's monetary policy stance, arguing that elevated borrowing costs are stifling economic growth. He also took aim at the composition of the Federal Reserve Board, claiming that its members lack the necessary expertise and are instead driven by political agendas rather than sound economic principles.

The comments add to a growing chorus of political pressure on the Fed, which has maintained a restrictive interest rate environment to combat inflation. Trump's remarks suggest a deepening rift between the administration and the central bank, raising questions about the independence of monetary policy in the current political climate.