Fact Check: Jerome Powell Resignation Rumor Debunked
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BTCCSquare news:
Claims of Federal Reserve Chair Jerome Powell's resignation spread rapidly after Senator Mike Lee shared a dubious letter on social media. The document, riddled with errors and inconsistent formatting, was quickly dismissed as fake. No official sources—including the Federal Reserve, WHITE House, or Powell—have corroborated the claim.
Market implications remain muted given the rumor's rapid debunking. Cryptocurrencies typically react to macroeconomic uncertainty, but this event lacked the credibility to trigger volatility. Powell's leadership continues to shape monetary policy amid political pressures, with digital assets monitoring Fed decisions for directional cues.
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