A fake resignation letter, apparently generated by AI and claiming to be from Federal Reserve Chair Jerome Powell, went viral on social media, leading several Trump-aligned politicians and influencers—including Senator Mike Lee (R-Utah)—to share it as real before quickly deleting their posts.
The hoax fueled rumors of Powell's departure, briefly causing spikes in cryptocurrency prices and confusion in financial markets. The incident highlights the growing risks of AI-generated misinformation in politics and finance, as well as the eagerness of some political figures to believe and amplify unverified news. Official sources have confirmed that Powell has not resigned, and the letter is a fabrication.
The episode has sparked criticism of those who spread the false information and renewed concerns about the impact of disinformation on public discourse.
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