A fake resignation letter, purportedly from Federal Reserve Chair Jerome Powell and generated using artificial intelligence, circulated widely on social media, briefly fooling several Trump allies including Senator Mike Lee.
The letter, which was riddled with errors, was shared and then quickly deleted by Lee and other conservative commentators, causing confusion and a temporary spike in Bitcoin prices. The incident highlights the growing risks of AI-generated disinformation in politics and financial markets. Despite the viral hoax, Jerome Powell has not resigned, and the letter was confirmed to be a fabrication.
The episode has reignited concerns about the spread of fake news and the vulnerability of public figures to online misinformation.
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