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Powell reveals what it would take to step down from the Fed as pressure mounts

January 12, 2026

As political pressure and legal scrutiny intensify, Federal Reserve Chair Jerome Powell has made clear what would force him to step down. Powell, who holds one of the most influential posts in U.S. economic policymaking, has made clear he won’t step aside absent a legal violation. That stance is detailed in an excerpt from “Trillion Dollar Triage,” in which Wall Street Journal economic correspondent Nick Timiraos chronicles Powell’s...

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