By Mike Dolan LONDON (Reuters) -Extreme bond market agitation has put the Federal Reserve in a bind. It can either cool long-term inflation fears or acquiesce to President-elect Donald Trump's complaints about interest rates being "far too high.

Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.

Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance to fill one of the top positions on the powerful central bank.

Investors absorbed a report that President-elect Donald Trump is considering declaring a national economic emergency to pave the way for proposed tariffs.

Donald Trump tariff plans and Fed policies raise questions on their impact on global trade, inflation, and the cryptocurrency market in 2025.

President-elect Donald Trump’s legislative agenda faces roadblocks before he even takes office. Despite his Republican Party controlling all branches of the federal government, resolving a once-in-a-decade fight over the tax code as well as immigration and energy policy overhauls is troubled by arcane budget rules,

The Fed has cut its policy rate by a full percentage point since September, yet the 10-year Treasury yield has risen 100 basis points since then. And 30-year yields are rising even faster, threatening to hit 5% for the first time in over a year - just a quarter point from levels since just before the banking crash of 2008.

The central bank cut rates last month but saw risks of somewhat firmer price pressures this year due to potential tariff increases by President-elect Trump.

Crypto industry is pushing for Donald Trump to issue an executive order for a strategic Bitcoin reserve soon as he resumes office on Jan 20.

Also on Trump’s territorial wishlist are the Panama Canal and Canada, plus he wants the Gulf of Mexico to be renamed the “Gulf of America”.