Washington (CNN) President Donald Trump blamed the General Motors plant closures and recent stock market dips on the Federal Reserve and the man he picked to lead it, The Washington Post reported Tuesday.

"I'm doing deals and I'm not being accommodated by the Fed," Trump told the Post in an interview. "They're making a mistake because I have a gut and my gut tells me more sometimes than anybody else's brain can ever tell me."

GM announced Monday that it will shut production at five plants in North America and reduce its salaried workforce by 15%, including a quarter of the company's executives.

The President told the Post that he is "not even a little bit happy" with Jerome Powell, the man he picked to head the Federal Reserve.

Trump has long expressed frustration with Powell. Leading up to the November midterm elections, Trump repeatedly bashed him and called the Fed "crazy" and "loco" over recent interest-rate increases. Since July, Trump's repeated scrutiny of Powell has gradually escalated with new veiled threats that he might consider firing his Fed chairman.

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