New Delhi, June 7 -- US President Donald Trump said the Federal Reserve would be making a mistake if it raised interest rates, even as investors increasingly expect tighter monetary policy following a stronger-than-anticipated labor market report.

In an interview with NBC's Meet the Press, Trump pushed back against market expectations that the central bank may need to lift borrowing costs to keep inflation under control.

"Nowadays when you have good reports, the market goes down because they think they're going to raise interest rates," Trump said. "There's no reason to raise interest rates."

His remarks come as Fed Chair nominee Kevin Warsh prepares to lead his first Federal Open Market Committee meeting on June 16-17.

"We should act...