According to Odaily Planet Daily, market analyst Wilcox stated that Trump's intervention in the Federal Reserve could lead to higher inflation. Trump has appointed Stephen Miran as the chairman of the Council of Economic Advisers and Daniel Katz as the director of the Office of the Treasury.
The two have jointly developed a plan to reform the Federal Reserve system that would grant the president and Congress greater political control over the Federal Reserve. The plan includes giving the president the power to dismiss commissioners and the chair, and shortening the term of Federal Reserve governors from 14 years to 8 years.
In addition, Katz and Miran suggest incorporating the Federal Reserve's budget into the appropriations process, to be approved by Congress every five years. Academic literature and historical experience indicate that strengthening political control may lead to more severe inflation.