Did Powell Resign? Fake Letter Sparks Internet Frenzy as Pressure Mounts

A supposed resignation letter from Federal Reserve Chair Jerome Powell recently went viral, fueling rumors of his departure. While the document looked official at first glance and was even shared by prominent politicians, a closer inspection revealed it to be fake. Still, the growing calls for Powell to step down are very real — and louder than ever.

📜 The Resignation Letter: An AI-Generated Fake? The letter, allegedly addressed to President Donald Trump, mimicked the formal tone and layout of an official document. However, inconsistencies quickly unraveled its credibility. From misaligned formatting and informal language to the absence of an official Fed seal, experts quickly pointed out that it lacked the hallmarks of a legitimate communication from the Fed. One Republican senator even briefly shared the letter online, claiming Powell was stepping down — only to delete the post minutes later. Meanwhile, fact-checkers and AI analysts confirmed that the document was likely generated with the help of artificial intelligence.

🧨 Mounting Political Pressure and Resignation Rumors Despite the falsified letter, Powell is under growing scrutiny: 🔹 Republican lawmakers are demanding investigations over Powell’s past testimony regarding a costly $2.5 billion renovation of the Federal Reserve headquarters.

🔹 Some officials allege he misled Congress under oath — and have called for a Department of Justice probe.

🔹 Donald Trump continues to criticize Powell for keeping interest rates high and is reportedly eyeing a possible replacement. Although Powell's current term as Fed Chair is set to expire in May 2026, there's increasing speculation he could step down earlier. Betting markets briefly estimated the odds of Powell leaving early at over 20%.

🏛️ Powell Defends Himself and the Renovation In the face of accusations, Powell has firmly defended the need for the costly renovation of the Fed's headquarters, stressing that it was long overdue and follows appropriate oversight protocols. Internally, the Fed continues to stand by its decision, asserting the importance of maintaining critical infrastructure. As for Powell, he shows no public signs of backing down. Though the political environment surrounding the Fed has become increasingly tense, he remains focused on navigating the central bank through one of the most turbulent monetary cycles in decades.

⚖️ What Does It All Mean? Despite the fake resignation letter, the political and legal heat around Powell is intensifying. While there's no official indication that he plans to resign, the environment has become more volatile. Trump and his allies have made it clear they want someone else at the helm of the Fed — and their moves suggest that they are already preparing for that shift.

#Powell , #Fed , #FederalReserve , #USPolitics , #TRUMP

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