CoinVoice has learned that, according to Jinshi reports, since Trump took the lead in the prediction markets and won his second term on Tuesday, the U.S. bond market has experienced a minor crash, leading to an increase in mortgage and other household borrowing costs. Fortunately, Trump has a clear way to alleviate this damage and start his term on a good note: he should declare his full trust in Federal Reserve Chairman Powell, whose term will last until May 2026, and commit to remaining silent on monetary policy issues.
A brief conversation took place between Powell and reporter Victoria Guida:
Guida: Some of Trump's advisors suggested that you should resign. If he asks you to leave, would you?
Powell: No.
Guida: Do you think you are legally obligated to leave?
Powell: No.
It is reported that Powell was not joking. After the comment was made, the 10-year U.S. Treasury yield initially fell by about 4 basis points, totaling an 11 basis point drop that day. [Original link]
