The White House is tightening its control over how the Federal Reserve regulates big banks as part of a new executive order that gives President Donald Trump's appointees more power over independent agencies.

In a sweeping move to assert greater control over federal regulatory agencies, President Biden issued an executive order on Monday mandating stricter White House oversight of rulemaking across the executive branch, including so-called independent regulatory agencies.

The order weighing on the federal agency's independence could also have implications on enforcement activity, concerned observers say.

When mortgage rates began to surge in 2022, it aligned with the rapid onset of inflation. However, the past few years of elevated mortgage rates have been caused by a combination of economic factors.

A White House spokesman had no immediate comment ... orders as appropriate and consistent with applicable law,” Federal Reserve Board Chair Jerome H. Powell told reporters late last month.

A new executive order signed by President Donald Trump on Tuesday seeks to give the White House more control ... has been made for the Federal Reserve’s handling of interest-rate policy.

The Trump administration has debuted a “tip line” for financial institutions and the public to report financial regulators who are still doing their jobs despite a White House “stand down” order.

The Trump administration has taken another step to centralize the executive branch with a new order that “reins in independent agencies.” | The White House's latest executive order would give the president greater control over federal agencies typically shielded by cross-term leadership appointments and dismissal protections.

Trump's order specifically exempts the Federal Reserve's Board of Governors ... agencies to submit any new regulations to the White House, set up White House Liaison offices, and "regularly ...

The institute has been around since 1968 when President Lyndon Johnson established it as a senior staff college to serve super grades of the civil service.

As President Donald Trump's second administration continued its effort to swiftly reshape the federal government, a union representing foreign service officers at the U.S. Agency for International Development accused the administration of failing to comply with last week’s temporary restraining order to prevent the dismantling of USAID.