According to ChainCatcher, since Trump took the lead in the prediction market and won his second term on Tuesday, there has been a slight collapse in the U.S. bond market, leading to increased mortgage and other household borrowing costs. Fortunately, Trump has a clear way to mitigate this damage and start his term on a good note: he should announce that he fully trusts Federal Reserve Chairman Powell, whose term will last until May 2026, and promise to remain silent on monetary policy issues.
There was a brief conversation between Powell and journalist Victoria Guida:
Guida: Some of Trump's advisers suggested you should resign. If he asks you to leave, will you go?
Powell: No.
Guida: Do you think legally you don’t have to leave?
Powell: No.
According to reports, Powell is not joking. After the comment was made, the 10-year U.S. Treasury yield initially fell by about 4 basis points, totaling a decline of 11 basis points that day.