President Donald Trump again criticized Federal Reserve Chairman Jerome Powell after the central bank declined to cut interest rates, ending a brief easing of tensions.

"jerome ‘late' powell is at it again!!! he is too late, and even too angry, too stupid, & too political, to be fed chairman," trump wrote on his social media platforms on thursday, slamming the bank for holding interest rates steady.

and trump again criticized powell over the central bank renovation construction project that has angered the president and his allies over cost overruns, just a week after he toured the project site and appeared to downplay some concerns about the work there.

"he is costing our country trillions of dollars, in addition to one of the most incompetent, if not corrupt, building renovations in the history of construction!" trump said. "in other words, ‘late' is a total loser, and our country is paying the price!"

trump's comments came after federal reserve officials left interest rates unchanged on wednesday but lowered their outlook for the us economy, signaling that policymakers may be moving closer to lowering borrowing costs.

The president in recent days appeared to tone down his attacks on Powell after a rare and in many ways unprecedented visit by a sitting president to the central bank's headquarters to inspect a renovation project, where he stood side by side with the central bank chief. Although Trump has long criticized Powell over the bank's interest-rate setting policy, the construction work has given the president's allies a new weapon to increase pressure on the central bank chief.

Last week, Trump told reporters that there was "no tension" between the two as they toured the work site and that while he had issues with the project, he did not see it as a reason to fire Powell. Trump has also repeatedly called lower interest rates a more pressing concern for him than the renovations.

In one memorable exchange, Trump jabbed at Powell about interest rates. "I want him to lower rates. Other than that, what can I say?" Trump said, later adding that he thought Powell would do "the right thing."

The president's visit to the Fed capped a tumultuous period that saw Trump escalate his criticism of the chairman with daily insults over the bank's interest rate policy and questions about his handling of the renovations.

In the weeks leading up to the visit, Trump had questioned lawmakers about whether he should fire Powell and then told reporters he had no intention of doing so, suggesting he was willing to wait until the Fed chairman's term ends in May.

While the tension between the two made Thursday's Fed visit a spectacle, as Trump and Powell donned helmets at a construction site and answered questions from reporters, the visit appeared to ease Trump's concerns about the Fed chairman.

On Wednesday, Powell expressed his view that the Fed is in a good position for now, given the lingering uncertainty surrounding the economic impact of Trump's tariffs. His message was cautious and balanced, tempering expectations of a September rate cut but not ruling out a rate cut. (alg)

Source: Bloomberg