President Donald Trump blasted Federal Reserve Chair Jerome Powell in a testy message Thursday morning after Powell refused to bow down to his repeated demands that he lower interest rates. “Jerome ‘Too Late’ Powell has done it again!

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 Trump wants the Fed to slash borrowing costs, but the central bank is unlikely to take such aggressive steps even once it begins to lower interest rates.