According to CoinMeta, Trump faced strong opposition from voters on Tuesday, which could potentially reduce the political pressure on Federal Reserve Chairman Jerome Powell, allowing him to minimize political interference and focus on controlling inflation. This is a preliminary judgment made by some Federal Reserve observers. They believe that the Republican Party's dismal election performance, and the fact that voters listed cost of living as one of their top concerns, have completely changed the political landscape surrounding the Federal Reserve. Since Trump's re-election in 2024, he has been exerting pressure on the Federal Reserve and its interest rate decisions, repeatedly calling for interest rate cuts and attempting to remove a current Federal Reserve governor. Against this backdrop, Trump chose Powell to lead the Federal Reserve in May of this year, and Powell had previously deviated from his usual stance to support interest rate cuts. Chief economists suggest that if the election results lead Trump to end the Iran conflict and abandon further tariffs, the Federal Reserve may not need to raise interest rates again at all.