President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell, calling for his “termination” due to Powell’s failure to quickly cut interest rates.

Trump’s remarks followed Powell’s warning about the economic impact of Trump’s tariffs.

Despite the European Central Bank’s decision to cut interest rates, Trump blasted Powell for being “too late and wrong.” He also accused the Fed of playing politics.

Trump’s frustration with Powell, whom he appointed in 2018, has been ongoing since Powell’s tenure began, with the president previously calling him “the enemy” in 2019, CNN has reported.

The Fed declined to comment on Trump’s latest remarks.

Written by B.C. Begley