The Federal Reserve's decision to opt for a bigger half-percentage-point cut opened a new area of disagreement between GOP nominee Donald Trump and Fed Chair Jerome Powell.

What Trump said this week is that the cuts are a sign of one thing: a weak economy that he claims was brought on by the Biden/Harris administration.

"I guess it shows the economy is very bad to cut it by that much assuming that they are not just playing politics," Trump said at a Manhattan bitcoin bar Wednesday.

"One or the other," the GOP nominee added "but it was a big cut."

Powell — who was elevated to Fed chair by then-President Trump but has found himself often at odds with him in recent years — offered an opposite analysis Wednesday afternoon.

"Our economy is strong overall," Powell told reporters, arguing the move to cut the Fed's benchmark rate by 50 basis points was instead a way to try to ensure "strength in the labor market can be maintained" alongside economic growth.

Read more: The Fed rate cut: What it means for bank accounts, CDs, loans, and credit cards

Powell also tried to dampen concern that the large cut was a sign policymakers were behind the curve or overly concerned that a deeper downturn in the economy could be around the corner.

President Biden also weighed in Wednesday afternoon to say the news represented an important milestone.

"Inflation and interest rates are falling while the economy remains strong," the president wrote as he sided with Powell on the question of the state of the economy.

Vice President Kamala Harris added in her own statement the move is "welcome news for Americans who have borne the brunt of high prices [but] my focus is on the work ahead to keep bringing prices down."

How this ends up impacting the 2024 campaign or economic growth remains to be seen.

It comes after a run-up to the crucial decision saw Powell in a stronger-than-expected position politically, seemingly poised to sidestep more severe political fallout for making a crucial Fed pivot just weeks before a presidential election.

Powell was dinged from the left for waiting too long.

“This cut in interest rates is yet another acknowledgement that Powell waited too long to reduce rates,” wrote Sen. Elizabeth Warren after the news, but she added that she was happy that lower rates are now in place.

Warren, who previously this week advocated a 75 basis point cut, added Wednesday that “more rates cuts are needed.”

A culmination of a year of Trump commentary on the Fed

The commentary from Trump on monetary policy is just the latest in a year where Trump, as he did as president, has chosen to regularly weigh in on the Fed with criticisms of Powell.