In recent comments to the Financial Times, Vincent Mortier, Chief Investment Officer of asset management firm Amundi, warned that US President Donald Trump's push for greater control over independent regulators is a "big, big mistake" that could erode trust in the economy.
One of Trump's executive orders requires agencies to "consult with the White House on their priorities and strategic plans," giving the president greater influence over regulatory decisions. Mortier argued that the US economy relies on "checks and balances" and that concentrating power in the executive branch threatens democracy.
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