Trump made a reference to Stephen Miran, who in August was named to replace Fed Governor Adriana Kugler following her surprise resignation, and said he would soon have a “majority” on the Fed board.

“We just put a very good man in one position, we might switch him to the other. It’s a longer term and (we could) pick somebody else. But we’re very happy with the person we have in there, and we’ll have a majority very shortly. So that’ll be great. Once we have a majority and housing is going to swing and it’s going to be great,” said Trump.

Some Fed watchers expect Miran to be nominated to replace Fed chair Jerome Powell, who has resisted pressure from Trump to cut interest rates.