Trump will strengthen control over independent federal agencies, including the regulatory functions of the SEC and the Federal Reserve

BlockBeats News: On February 20th, according to the Financial Times, US President Trump will strengthen control over independent federal agencies, which is Trump's latest move to strengthen control over government agencies. The White House stated in a statement that late on Tuesday, President Trump signed an executive order "binding independent agencies," ordering agencies to submit draft regulations for review. Trump will also establish "performance standards" for various agencies, which must "consult" with the White House on "priorities and strategic plans". The agencies targeted by this executive order include the US Securities and Exchange Commission (SEC), the US Federal Trade Commission (FTC), and the US Federal Communications Commission (FCC). The White House stated that the Federal Reserve's monetary policy functions are not limited by the executive order, but its regulatory functions are restricted.