Sources close to the matter reveal that Bill Pulte, Director of the Federal Housing Finance Agency, played a key role in pushing the Trump administration toward subpoenaing the Federal Reserve. This move marks an intensifying standoff between the administration and the central bank—particularly as the president prepares to appoint a new Fed chief. The pressure on monetary policy leadership could signal major shifts ahead in how interest rates and inflation are managed. For crypto investors tracking macro trends, Fed leadership changes often precede significant market movements. Whether this translates into looser monetary policy or continued hawkishness remains to be seen, but the political friction at the top is definitely worth monitoring.