President Donald Trump’s trade adviser Peter Navarro called discussions between the U.S. and China “back on track” in a televised interview Tuesday, as he joined his boss’s criticism of the Federal Reserve and predicted a stock-market milestone.

Speaking on CNBC, Navarro said talks between Washington and Beijing were heading in a “very good direction” following a meeting between Trump and Chinese President Xi Jinping at the G-20 summit in Osaka.

Navarro suggested there isn’t a deadline for a trade deal, saying “we’re going to get a deal that’s a great deal for America.” Asked if a deal needed to be struck before the 2020 presidential election, Navarro said Trump wasn’t looking to execute a “cheap political trick.”

Trump on Monday said U.S. and Chinese officials were already speaking by phone following a tariff truce agreed to at the G-20 summit.

U.S. stocks DJIA, +0.15% COMP, +0.96% SPX, +0.41% turned positive late Tuesday morning after initially edging lower, as doubts arose about a substantive deal being reached quickly.

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With the Dow Jones Industrial Average hovering at around 26,700, Navarro said the 30,000 level was achievable if Congress approves the U.S.-Mexico-Canada Agreement and the Fed lowered interest rates.

Saying Chairman Jerome Powell had thrown a “curve ball,” Navarro said, “I hope the Fed will lower interest rates going forward.”

Trump has taken frequent shots at the Fed for raising interest rates, which the central bank did four times last year. Economists have said the Fed is likely to lower rates this year.

Also read:Fed’s Mester says interest-rate cuts only needed if more bad economic data comes.

The president has also frequently called on Congress to approve the USMCA, which would replace the North American Free Trade Agreement. Democrats including House Speaker Nancy Pelosi have said they have concerns about parts of the deal including labor and environmental protections.

In a note on Tuesday, AGF Investments’ Greg Valliere said there is speculation that Navarro, a trade hardliner, will leave soon after Trump backed off on threats of extra tariffs on China.