According to Deep Tide TechFlow news on November 8, presidential candidate Trump faces a critical decision on whether to reconcile with Federal Reserve Chairman Powell. At a recent Federal Reserve press conference, Powell made it clear that he would not resign even if Trump asked him to. This statement initially stabilized the market, and the yield on the 10-year U.S. Treasury bond fell by 11 basis points that day. Analysts suggest that Trump should announce complete trust in Powell and commit to remaining silent on monetary policy issues to ease market concerns.
Since Trump won re-election, the U.S. bond market has seen a slight decline, leading to an increase in mortgage and other household borrowing costs, which may affect voters' confidence in his commitment to improving housing affordability and living costs. Powell's term will last until May 2026, while his 14-year tenure at the Federal Reserve will not end until 2028. Trump has previously publicly criticized Powell's interest rate policies and has stated that he would not reappoint him in 2026. However, some members of Trump's team have suggested the idea of appointing a 'shadow' Federal Reserve chairman, which could undermine the credibility of the Fed's policies.