Trump's election setback may ease the political pressure on Federal Reserve Chairman Kevin Warsh.

On November 5, Trump faced strong opposition from voters in the election, which some Federal Reserve watchers believe relieved the political pressure on Federal Reserve Chairman Kevin Warsh, allowing him to focus his efforts on controlling inflation. Since Trump's election in 2024, he has pressured the Federal Reserve's interest rate decisions, demanding rate cuts and attempting to remove Fed governors. In May of this year, Trump elected Fed Chairman Kevin Warsh to lead the Fed. Claudia Sahm, chief economist at New Century Advisors, stated that if the election results lead Trump to end the Iran conflict and abandon tariffs, the Fed may not need to raise interest rates again.