A fake resignation letter, apparently generated by AI and purporting to be from Federal Reserve Chair Jerome Powell, went viral on social media, leading to confusion among politicians and market participants.
Republican Senator Mike Lee of Utah shared the letter on X (formerly Twitter) before quickly deleting it when the hoax was revealed. The incident briefly fueled rumors of Powell's departure, causing a spike in cryptocurrency prices and sparking debate about the spread of misinformation online. The letter was not authentic, and Powell has not resigned.
The episode highlights the growing risks of AI-generated disinformation in politics and financial markets.
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