A fake resignation letter, apparently generated by AI and claiming to be from Federal Reserve Chair Jerome Powell, went viral on social media, fooling several Trump-aligned figures including Senator Mike Lee of Utah. Lee posted and then quickly deleted the letter, which falsely announced Powell's resignation, sparking confusion and a brief surge in cryptocurrency prices. The incident highlights the growing risks of AI-generated misinformation in politics and financial markets. Despite the rumors, Jerome Powell has not resigned, and the letter was confirmed to be a hoax. The episode underscores the vulnerability of public figures and markets to disinformation campaigns.
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