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Donald Trump makes push for control of independent US regulators

Executive order will force watchdogs including the Federal Reserve and SEC to submit draft regulations to the White House

Donald Trump is to take greater control of independent federal agencies — including important financial watchdogs — in the US president’s latest move to tighten his grip on government institutions.

The president late on Tuesday signed an executive order that “reins in independent agencies”, ordering them to submit draft regulations for review, the White House said in a statement.

Trump will also set “performance standards” for the agencies, which must “consult” with the White House on “their priorities and strategic plans”.

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