Mark Cuban blasts Donald Trump's Fed comments

The market will tank if Donald Trump is elected, entrepreneur Mark Cuban said Monday, citing Trump's comments about the Federal Reserve as evidence.

Earlier Monday on CNBC's "Squawk Box," Trump said: "The interest rates are kept down by President Obama. I have no doubt that that's the reason they are being kept down."

On Twitter, Cuban said GOP presidential nominee's comments showed "he hasn't made any effort to learn." Cuban said the comments show why the market would plunge if Trump were to become president.

Minneapolis Federal Reserve President Neel Kashkari also rejected Trump's assertion.

"Politics simply does not come up," the Republican Fed governor told CNBC's "Squawk Box." "We look at the economic data and ... everyone around the table is committed to achieving our dual mandate" of employment and inflation.

Disclaimer: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a judge.