A fake resignation letter, apparently generated by AI and purporting to be from Federal Reserve Chair Jerome Powell, went viral on social media, leading several Republican figures—including Senator Mike Lee—to share it as real before quickly deleting their posts.
The hoax briefly caused confusion in political circles, especially among Trump supporters who have previously called for Powell's resignation. The spread of the letter also triggered a noticeable spike in cryptocurrency prices, as markets reacted to the false news. The incident highlights the growing risks of AI-generated misinformation in politics and finance.
Official sources have confirmed that Jerome Powell has not resigned, and the letter is a fabrication.
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