Trump advisers are considering plans to dramatically overhaul the Fed, the WSJ report said

Former President Donald Trump’s political operatives are drawing up a plan that would give him unprecedented influence over the Federal Reserve, including one that could make him an “acting” board member of the central bank, according to a report from the Wall Street Journal.

The plans, which ones the Journal Report described as highly secretive, are part of a ten-page document suggesting that Trump – if elected – would be consulted on interest rate decisions. In addition, the Treasury Department would be used as an additional control mechanism to oversee the Fed’s purchasing activities.

Along with these proposals, the draft states that Trump could remove current Fed Chairman Jerome Powell from office and demand that Fed policy be aligned with the administration’s goals. While in power, Trump sharply criticized Powell and his fellow central bankers for raising interest rates and reportedly considering ousting him.

Trump campaign officials told the Journal that the draft proposals should not be considered “official.” It is unclear what authority the president would have to take such bold steps against a Fed that has traditionally sought to shield its activities from outside political pressure.

A Fed spokesperson declined to comment on the report.