Trump Tests Fed's Independence With Order Expanding Authority Over Agencies
1. Trump's order expands White House oversight over independent regulatory agencies. It questions Fed's traditional autonomy. 2. The Fed's interest rate decisions remain exempt. The order targets its Wall Street supervisory roles. 3. The directive centralizes executive power and challenges historical separation of powers. Legal applicability to the Fed remains uncertain. 4. Concerns arise over potential future influence on monetary policy. This may alter market confidence over time.