Donald Trump clashed with Jay Powell during a visit to the Federal Reserve on Thursday in a rare public confrontation between a US president and central bank chief.

The president’s participation in a tour of the Fed had the makings of a public relations disaster for the central bank. But by Friday, the president was praising Powell.

The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide between how Chair Jerome Powell and his chief critic,