Bill Pulte Seen as Key Instigator Behind Powell Subpoena

Pulte's involvement in the subpoena reflects a broader strategy by the Trump administration to exert influence over the Federal Reserve, particularly during a period of leadership transition. This action raises questions about the independence of the Fed and the potential for political interference in monetary policy decisions. As the administration prepares for a new Fed chair, the dynamics between fiscal policy and central banking are likely to become even more pronounced.