President Donald Trump on Sunday again publicly demanded that the Federal Reserve cut interest rates, even as financial markets expect the central bank to raise its benchmark lending rate this week for the first time in three years.

“We should be paying - the United States is so strong - we should be paying the lowest interest rate in the world, regardless of their formulas,” Trump told reporters in Ireland, where he was attending the Irish Open.

His remarks came two days after government data released Friday showed that consumer prices rose more than expected last month. According to CME Group’s Fed Watch tool, more than 86% of market participants expect the rate-setting Federal Open Market Committee this week to raise the rate 25 basis points, to between 3.75% and 4%. The expected move would mark the first Fed rate increase in three years.

Trump earlier this month suggested cutting off trade with countries that maintain a trade deficit with the United States if the Fed did not cut rates. On Sunday, he renewed that threat.

“I know more about formulas than anybody, and with the best credit in the world, we make other countries rich,” Trump said. “We could turn that off in two minutes.”

When asked by reporters later if he would carry out the threat, Trump responded, “Yeah, I’m going to do that with some nations.”

The Fed’s expected tightening path comes as oil prices and Treasury yields have climbed, and as concerns about the rising cost of living have intensified ahead of the November midterm elections — contests that could end Republican control of Congress. Polls have shown that voters roundly disapprove of how Trump has handled the economy and the war with Iran.