Fact Check: Did Jerome Powell Resign as Fed Chair?
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BTCCSquare news:
Rumors of Jerome Powell's resignation as Federal Reserve Chair spread rapidly after Senator Mike Lee shared a dubious letter on social media. The document, laden with errors and inconsistent formatting, was quickly debunked as a likely AI-generated forgery. No official sources—including the WHITE House or the Fed itself—have corroborated the claim.
Market participants initially reacted to the unverified news, highlighting the sensitivity of crypto markets to macroeconomic leadership speculation. Powell's tenure has been a focal point for both traditional finance and digital asset sectors, given his influence over monetary policy. The incident underscores how quickly misinformation can propagate in financially sensitive environments.
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