A fake, AI-generated resignation letter claiming to be from Federal Reserve Chair Jerome Powell went viral, duping several conservative influencers and Republican Senator Mike Lee, who shared and then deleted the letter. The hoax fueled widespread rumors and speculation about Powell's departure, especially amid ongoing tensions between Powell and former President Donald Trump. The incident sparked a brief frenzy in financial markets, with notable surges in cryptocurrency prices. Fact-checkers and media outlets quickly debunked the letter, confirming that Powell had not resigned. The episode highlights the growing risks of AI-generated misinformation in politics and finance.
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