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.