Since taking office, U.S. President Donald Trump has been firing jabs at Federal Reserve Chairman Jerome Powell for raising interest rates–the same man he nominated for the position. With the economy full steam ahead amid a historical bull market run, Trump wants growth to continue singing that same tenor at least through the year 2020 for his re-election bid, and he doesn’t want interest rates to get in the way.

Trump has been leading the chorus on economic growth, taking the opportunity, when presented, to remind everyone that the strong data being extrapolated from the economy is coming under the helm of his presidency. As far as debates go as to who deserves more credit–the former administration under Barack Obama or the current one under Trump–the president made it clear who deserves the majority, if not all, the credit.

Related: Will the Federal Reserve Raise Interest Rates in December?

Since January 2017 when President Trump took office, the Federal Reserve has now hiked interest rates six times versus just once during former president Barack Obama’s tenure. With major stock market indexes like the S&P 500 reaching historic highs with companies like Apple and Amazon crossing the $1 trillion valuation mark, the prevailing sentiment is that another rate hike is to come before the end of 2018 and possibly three or more forecasted for 2019.

Trump ‘Not Happy’ with Rate Hikes

Following the latest rate hike announcement on Wednesday that the Fed would be raising the federal funds rate by 25 basis points to 2.25, Trump took the opportunity at a New York press conference to express his discontent.

“Unfortunately, they just raised interest rates,” said Trump. “I am not happy about that.”

The president did, however, say the Fed’s move was justified as a result of the strength seen in the economy, but also said, “but basically I am a low-interest-rate person.”

In an interview with CNBC earlier this year, Trump already took a shot at the Fed, saying he’s “not happy” about the Federal Reserve’s latest monetary policy moves to raise interest rates. In typical Trump fashion, the president took to social media to say that the U.S. “should not be penalized because we are doing so well.”

Meanwhile, if a rising chorus of concerns starts to make itself heard regarding higher interest rates–for example, banks fretting that higher rates are dampening their lending businesses–this could give the Fed pause in more rate hikes–something the president would be quick to point out if such took place. Until 2020, Trump doesn’t want the economy to experience an unceremonious fall from grace as a result of rates and as such, any more tightening of monetary policy by the Fed will certainly come under the president’s scrutiny.

Gene Simmons: Trump will Win 2020 by ‘A Landslide’

In the meantime, Trump is already getting a vote of confidence in 2020 from celebrities like KISS band member Gene Simmons. In an interview with the Toronto Sun, Simmons also alluded to the strength in the economy–a major point that could cement Trump’s 2020 re-election bid despite his detractors.

“A lot of people are unhappy, perhaps rightfully so (with Trump’s role as president),” said Simmons. “But the Dow Jones Industrial (average is) 26,000 or so, job rates are down to 3.9 percent, the economy is booming like never before. The rest of it — politics. You like the guy, vote him back in. You don’t like guy, just make sure nobody votes him back in. My assessment is very clear — unless he’s impeached, if there are no more big wars, and if the Dow approaches 29,000, which it may, not only will President Trump be re-elected, but it’ll be a landslide.”

For more trends in fixed income, visit the Fixed Income Channel.