Trump’s Midterm Setback May Ease Political Pressure on Fed Chair Warsh

Cointime reports: Voters broadly rejected Trump in Tuesday’s midterm elections, a result that may lift a layer of political pressure from Federal Reserve Chair Kevin Warsh and let him focus more on curbing inflation. Fed watchers said the Republican rout, with cost of living among voters’ top concerns, has fundamentally reversed the political situation around the Fed. Mark Spindel, who has written on the history of Fed independence, said Warsh and his colleagues can now concentrate on monetary policy.