Hahaha. Yeah, no. Trump and Bessent fear a horrific depression harming their tax revenue and adding more debt than planned and getting blamed.
They need rates down now to buy trillion in new debt. Nothing subtle about it.
Trump is a fiat maxi dunce who doesn't see beyond 2 weeks.
He lives by his real estate, stock, and financial assets. He doesn't want the banks dismantled in any way.
Yes I know. I suspect he is being used by the faction I'm talking about.
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Ah. Or, it's just politicians being politicians, and the fed being the fed...
Yeah this might all just be unintentional even on the part of every entity backing Trump, but I would think one or two of them know that the system is destroying itself and are probably egging Trump on.