Suppose that in 2024 Ronald Frump is elected President. President Frump is kind of a blow-hard who came from a very rich family, ran a number of companies into bankruptcy and then became a reality TV star. (I know, this could never really happen but work with me.) During a press conference, Frump said the following "My first job is going to be to get control of the Federal Reserve. They need to quit listening to a bunch of macroeconomists with bad haircuts and start doing what I tell them to do." Is Frump likely to succeed in controlling the Fed. (A simple yes or no will not suffice. Make sure to defend your answer.)