鲍威尔传票幕后推手浮出水面：传系特朗普“宠臣”FHFA局长普尔特，也曾“告发”理事库克

Core Viewpoint - The Trump administration's decision to subpoena Federal Reserve Chairman Jerome Powell has intensified pressure on the Fed, with implications for its independence and potential disruptions in the bond market [1][5]. Group 1: Subpoena and Investigation - The Federal Housing Finance Agency (FHFA) Director Bill Pulte is reportedly a key figure behind the decision to subpoena Powell, which is linked to a criminal investigation regarding the Fed's multi-billion dollar headquarters renovation project [1][2]. - Powell has denied that the subpoena is related to his testimony or the renovation project, labeling it a "political excuse" and asserting he will withstand pressure from Trump [1][2]. - The investigation is being conducted by the U.S. Attorney's Office for the District of Columbia, with approval from U.S. Attorney Jenny Pirro, a long-time ally of Trump [2]. Group 2: Political Implications - Trump's allies are concerned that legal actions against Powell could disrupt the bond market and hinder Powell's potential departure from the Fed after his term ends in May [1][3]. - The subpoena has drawn strong criticism from both Democrats and some Republicans, raising questions about the independence and credibility of the Justice Department [4]. - Republican Senator Thom Tillis has stated he will oppose any confirmation of a new Fed chair until the legal issues are resolved, which could delay Trump's nominee [4]. Group 3: Market Reactions - The unprecedented actions by the Trump administration signify an escalation in the long-standing conflict between Trump and Powell, particularly regarding interest rate policies [5]. - Following the news, there was a notable increase in risk aversion in financial markets, with spot gold prices reaching historic highs [5].