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 after realizing it was a hoax. The incident briefly fueled rumors of Powell's resignation, causing a spike in cryptocurrency prices and sparking debate about the spread of misinformation online. The letter's circulation highlights the growing risks of AI-generated disinformation in politics and financial markets.
Official sources have confirmed that Jerome Powell has not resigned.
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