Cryptocurrency commentator Anthony Pompliano suggested in a post from social media that the Trump administration may be deliberately creating stock market uncertainty to force Federal Reserve Chairperson Jerome Powell to lower interest rates. Mr. Pompliano noted that the strategy could be aimed at making it easier for the US to refinance about $7 trillion of debt in the coming months. "Trump and Treasury Secretary Scott Bessent are taking the initiative and they are triggering asset price declines to try to force Mr. Powell to cut rates," he said. In late January, Mr. Powell left the Fed's target range of 4.25-4.5 per cent unchanged despite Mr. Trump's call for a rate cut. Mr. Pompliano believes the recent market jitters stem in part from Mr. Trump's tariffs, which have been used to create a more favourable bond market environment while lowering 10-year Treasury yields. He notes that 10-year yields have fallen from nearly 4.8 per cent in January to 4.21 per cent now, suggesting that Mr. Trump's alleged strategy is "moving in the right direction".