“We’ll have a majority very shortly,” Mr. Trump said ate his latest marathon cabinet meeting about the Fed’s powerful seven-person Board of Governors. “So that’ll be great.”

[…]

“It sends a message that is more akin to a chaotic, dysfunctional system than what the markets in the U.S. and globally have always assumed of the Fed, which is that it is the gold standard for governance, for independence, for prudence and for policymaking.”

Trump’s Plan to Pack the Fed With Loyalists (New York Times)