However, Trump has far less ability to control the Federal Reserve than you might imagine. Fed officials cannot be arbitrarily dismissed by the President & the appointments require Senate confirmation, so he just cannot simply rearrange the board as he pleases. That being said, Kugler's abrupt resignation is a genuine plug and play move and Trump now gets to put in his own person who complements his ideas & thus perhaps shift the balance within the Federal toward either hawkish or dovish action. So yeah, he can absolutely put some pressure on the institution & place his allies there but he cannot control the whole institution on his fingertips and its independence is still there... at least until now.
I thought he didn't have the power to remove the FED Chair and the FOMC/Board member until Trump proves he does. It's all about taking it legally or by hook or by crook. Trump has always been known to be a shameless authoritarian pretending to be a democrat, and his antecedent precedes him. He is using nothing but blackmail.
Adriana Kugler's resignation would have been thought to be the end, but I guess Triump had a deeper motive. I believe the governors are being blackmailed to resign silently, and if any of them is too stubborn, such might be confronted, which was what I think happened to Lisa Cook recently on the mortgage fraud claim. He attempted the same on Jerome Powell too. Any of these governors who didn't have a clean record will surely be a victim, just for him to take over the FED.
If he assumes full power without institutional restraint, America could truly transform into a Fourth Reich: a great, ultra-nationalist, exclusive, and authoritarian power in the 21st century.
This rhetoric appeals to a conservative white voter base that feels threatened by globalization and the multicultural demographics of the US.
I don't think it is possible in the US because the two bold parts are in contradiction.
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I support this 100%!