A fake resignation letter, purportedly from Federal Reserve Chair Jerome Powell and generated by AI, went viral on social media, duping several MAGA influencers and even Republican Senator Mike Lee.
The letter falsely claimed Powell had resigned, leading to confusion among politicians and a brief surge in cryptocurrency prices as markets reacted to the rumor. The incident highlights the growing risks of AI-generated disinformation in politics and finance. Senator Lee and others quickly deleted their posts after realizing the letter was a hoax, but not before the story spread widely.
The episode underscores the vulnerability of public figures and markets to viral fake news.
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