[Reduced Political Pressure on Trump May Affect Fed's Future Rate Hike Path] Golden Finance reports on November 5th that Trump faced strong voter opposition on Tuesday, which may alleviate the political pressure on Federal Reserve Chairman Warsh, allowing him to reduce political interference and focus on controlling inflation. This is the initial assessment of some Fed watchers. They believe that the Republican Party's crushing defeat in the election, and voters listing the cost of living as one of their top concerns, has fundamentally changed the political landscape surrounding the Fed. Since Trump's re-election in 2024, he has consistently pressured the Fed and its interest rate decisions, repeatedly demanding rate cuts, supporting an unprecedented criminal investigation into the renovation of Fed office buildings, and attempting to remove a current Fed governor. Against this backdrop, Trump chose Warsh to lead the Fed in May of this year, even though Warsh had previously unusually shifted his stance to support rate cuts. This has raised concerns among Democrats that the new chairman may have agreed to adjust monetary policy according to the president's wishes. Claudia Sahm, chief economist at New Century Advisors, stated that in fact, if the election results lead Trump to end the Iran conflict and abandon further tariffs, the Fed may not need to raise interest rates again.