The US will lose some grounds in the global economic space if it becomes obvious that these important agencies are now under the control of the presidency.
I think it is already lost. China has taken over the world. For example the Chinese manufacturing exports are already higher than US + Germany + Japan.
This would also explain why they are getting more desperate to cut the rates. Recession is killing production and they wish that by cutting rates they can help it improve...
This desperation is palpable in all of other Trump's actions as well.
They should be really ashamed of themselves for not fixing the whole country already, how incompetent! 
For example the recent meeting with Putin in Alaska. 2 psychos met and Trump basically sold Ukraine and Europe out just so he can focus elsewhere (specifically Asia, working from West toward East).
Ukraine is a corrupted shithole, that is not part of this topic. You can go in the politics board.Ukrainians' reactions in their social media were funny when they saw US military (red circle) do this for Putin:
Doing what, their job?