A fake, AI-generated resignation letter claiming to be from Federal Reserve Chair Jerome Powell went viral, fooling Republican Senator Mike Lee and several Trump-aligned influencers, who shared it on social media before quickly deleting their posts.
The hoax letter sparked confusion and briefly roiled political circles, with some Republicans expressing hope that the resignation was real amid ongoing tensions between Powell and former President Trump. The viral misinformation also triggered a spike in cryptocurrency prices, as markets reacted to the false news. The incident highlights the growing risks of AI-generated disinformation and its ability to influence both political discourse and financial markets.
Official sources have confirmed that Jerome Powell has not resigned, and the letter was a fabrication.
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