The chair of the Federal Reserve made clear he would not resign, even under pressure. But pressure from the White House is likely, market watchers say.

© Carlos Barria/Reuters

Jerome H. Powell, the chairman of the central bank, has been a frequent target of the president-elect, who appointed him in 2018.

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The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.

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Yields on government bonds — which underpin all kinds of borrowing in the economy — are rising. But the Fed is cutting rates. What gives?

Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?

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The Federal Reserve is reducing rates in response to cooling inflation. Donald Trump’s presidential victory has pumped up uncertainty.

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His economic agenda would concentrate more power in the hands of the president.