For weeks, Bill Pulte has been one of the loudest voices inside the Trump administration calling for Federal Reserve Chair Jerome Powell to resign.

Now Pulte — a wealthy businessman turned Federal Housing Finance Agency Director, whose official remit seemingly has little connection to the Federal Reserve — has set in motion President Donald Trump’s most aggressive action yet to alter the future makeup and independence of the Fed’s Board of Governors, the consequential body that helps set interest rates.

Trump said Monday that he was dismissing Federal Reserve Governor Lisa Cook because of allegations of mortgage fraud that Pulte sent to the Justice Department last week.

Trump’s decision to try to fire Cook — setting up a potential legal battle at the Supreme Court —marked the most

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