According to Odaily Planet Daily, market analyst Wilcox said that Trump's intervention in the Federal Reserve may lead to higher inflation. Trump has selected Stephen Miran as chairman of the Council of Economic Advisers and Daniel Katz as director of the Treasury Department's Office.
Together, the two developed a plan to reform the Federal Reserve system that would give the president and Congress greater political control over the Fed. The plan included giving the president the power to fire Fed members and the chairman and shortening the term of Fed governors from 14 years to eight years.
In addition, Katz and Miran suggest that the Fed's budget be incorporated into the appropriations process, which is approved by Congress every five years. Academic literature and historical experience show that greater political control can lead to more severe inflation.