He wants interest rates to go down, including the rates the government pays to borrow money.

When the Fed lowers its key rate, known as the federal funds rate, it generally causes interest rates on a variety of loans to also go down.

However, that isn’t always true.

For eg. when the central bank began lowering rates in September last year, mortgage rates moved higher.

Additionally, lowering interest rates too quickly or by too much can invite higher inflation if it causes people to spend a lot more, giving companies a pathway to raise prices.

That’s why the Fed has been hesitant to lower rates, especially with Trump’s tariff increases eventually expected to cause consumer goods prices to increase.

For the time being, however, rates have been kept steady by Jerome Powell so we could be looking at a correction in the crypto market.

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