Trump was widely rejected by voters in Tuesday's midterm elections, which may instead remove a layer of political pressure on Federal Reserve Chairman Kevin Walsh, enabling him to reduce interference from political factors and focus more on curbing inflation. This is a preliminary conclusion drawn by some Federal Reserve observers. They believe that the Republican Party suffered a fiasco in this election, and voters listed the cost of living as one of their top concerns, which fundamentally reversed the political situation surrounding the Federal Reserve. Mark Spindel, investment manager at Potomac River Capital who has participated in writing a historical book on the independence of the Federal Reserve, said, “Walsh and his colleagues can now focus on monetary policy. Walsh hopes that he will leave a good reputation during his term. But they have to start acting.”

Trump was widely rejected by voters in Tuesday's midterm elections, which may instead remove a layer of political pressure on Federal Reserve Chairman Kevin Walsh, enabling him to reduce interference from political factors and focus more on curbing inflation. This is a preliminary conclusion drawn by some Federal Reserve observers. They believe that the Republican Party suffered a fiasco in this election, and voters listed the cost of living as one of their top concerns, which fundamentally reversed the political situation surrounding the Federal Reserve. Mark Spindel, investment manager at Potomac River Capital who has participated in writing a historical book on the independence of the Federal Reserve, said, “Walsh and his colleagues can now focus on monetary policy. Walsh hopes that he will leave a good reputation during his term. But they have to start acting.”