President Donald Trump resumed his criticism of Federal Reserve Chair Jerome Powell after the central bank declined to cut interest rates, ending a short-lived détente.

President Donald Trump has renewed his criticism of Federal Reserve Chairman Jerome Powell, labeling him as “Too Late” while pushing for a substantial reduction in interest rates. The President specifically called for a full percentage point cut, significantly more aggressive than recent Fed actions.

The chair acknowledged that if the Fed cut its rate too soon, inflation could move higher, and if it cut too late, then the job market could suffer.