Anthony Pompliano, CEO of Professional Capital Management, suggested that the Trump administration may be intentionally causing stock market drops to pressure Federal Reserve Chair Jerome Powell into cutting interest rates.
He pointed out that the US is facing around $7 trillion in debt repayments in the coming months. Lower interest rates would make refinancing this debt more manageable.
In a March 10 post on X, Pompliano claimed that President Donald Trump and Treasury Secretary Scott Bessent “are crashing asset prices” to push Powell into action.
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Additionally, he noted that President Trump’s tariffs have contributed to this decline, which helped push the 10-year Treasury yield from 4.8% in January down to 4.21%.
If the market keeps falling, Pompliano believes it will turn into a standoff between President Trump and Powell, with both waiting to see who gives in first.
Pompliano also pointed out that lower interest rates would not just help the government—they would also benefit everyday Americans. He argued that cheaper borrowing costs would encourage spending and investment, which could boost economic activity.
On March 10, the Nasdaq-100 fell 3.8%, while the S&P 500-based SPY fund dropped 2.66%. Bitcoin
Meanwhile, Real Vision crypto analyst Jamie Coutts said that while Bitcoin gained momentum as the dollar declined, two financial indicators could pose risks. What are they? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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