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
$81,527.44
has taken an even bigger hit, falling 27.4% from its record high of $108,786. Since December 17, the total crypto market cap has declined by more than $1.2 trillion.
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.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
