Recent news stories have discussed the possibility that Donald Trump's advisors are devising a plan that would "significantly limit the Federal Reserve's independence." Options to limit independence include giving the President more control over appointment of Federal Reserve officials, including removing the current Chair of the Board of Governors Jerome Powell. Another option was "giving Trump himself the ability to vote on the Fed's policy decisions."*

The following is a further quote from the news article:

Trump subjected Powell to very heated public criticism when the Fed failed to loosen monetary policy as quickly as the president wanted in 2018 and 2019. In February, Trump said that Powell was politically biased, telling a TV host that I think he's going to do something to probably help the Democrats\". He added: \"It looks to me like he's trying to lower interest rates for the sake of maybe getting people elected\