A fake resignation letter, apparently generated by AI and claiming to be from Federal Reserve Chair Jerome Powell, went viral on social media, duping several MAGA influencers and even Republican Senator Mike Lee.
The letter's spread caused confusion among political circles and led to a brief surge in cryptocurrency prices, as markets reacted to the false news. The incident highlights the growing risks of AI-generated disinformation in politics and finance. Senator Lee and others who shared the letter quickly deleted their posts after realizing it was a hoax.
The Federal Reserve confirmed that Jerome Powell has not resigned, and the letter is entirely fabricated.
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