President Donald Trump railed against Jerome Powell on Thursday, claiming that "people are VERY disappointed in" the Fed chairman despite the central bank's third interest rate cut this year.

"China is not our problem, the Federal Reserve is!" Trump tweeted. "We will win anyway."

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Trump's blast came a day after the Federal Reserve lowered interest rates by 25 basis points to a target range of 1.5% to 1.75%.

The move to slash rates was widely anticipated, but the Federal Open Market Committee also hinted that it could be less likely to ease monetary policy going forward. Two Fed officials voted against the October rate cut, and the FOMC removed language that it was committed to "act as appropriate to sustain the expansion," which had been included in its post-meeting statements since June.