Reported 2 days ago
In a recent executive order, President Donald Trump has tightened his grip on independent federal regulatory agencies, such as the SEC and FTC, requiring them to submit draft regulations for White House review before publication. This move aims to enhance presidential oversight of the agencies, which traditionally function with a degree of autonomy, potentially leading to legal challenges from the agencies themselves. The order exempts the Federal Reserve's monetary policy work but mandates compliance on financial institution regulation, reflecting Trump's ongoing effort to assert more control over bureaucratic power.
Source: YAHOO