Trump pushed Powell to cut rates. Powell refused. Now Trump is crashing stocks and crypto to make Powell cut rates. This is what his erratic tariff "jokes" are coming from.

Trump's Administration has to re-finance $9T of debt this year. Rates are high. They want lower rates and longer durations like 10Y instead of 1-2Y. 

The White House wants lower bond yields to refinance debt at cheaper rates & based on Trump's comments on the stock market this week ("I don't even look at it,") it seems like the volatility in markets is being imposed to get the Fed to cut rates