[Trump’s setback in the midterm elections, Federal Reserve Chairman Warsh may be relieved of political constraints] November 5th, Trump was widely rejected by voters in the midterm elections on Tuesday, which may instead relieve a layer of political pressure on Federal Reserve Chairman Kevin Warsh, allowing him to reduce the interference of political factors and focus more on curbing inflation. Some Fed watchers see a fundamental reversal in the politics surrounding the Fed as Republicans suffered a crushing defeat in the election, with voters naming cost of living as one of their top concerns. Mark Spindel, who co-wrote a history of the Fed's independence, said, "Wash and his colleagues can now focus on monetary policy. Warsh hopes that he can leave a good reputation in office. But they have to start acting."