Fed, Powell and Trump
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A fake resignation letter generated by AI fooled Utah Senator Mike Lee into thinking that Jerome Powell, chair of the Federal Reserve, had quit on Tuesday. The senator tweeted and deleted the fake letter from his personal “basedmikelee” account, which staffers have confirmed that Lee operates directly.
Trumpworld was roiled momentarily on Monday after a fake resignation letter purportedly penned by Federal Reserve Chairman Jerome Powell started to make the rounds of high-profile MAGA social
A fake resignation letter claiming that Federal Reserve Chair Jerome Powell had stepped down went viral on X. Although AI-generated, with clear errors, including a distorted seal and misspellings, some public figures,
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Mediaite on MSNSenator Mike Lee Deletes Tweet Celebrating Fake Resignation Letter From Trump Nemesis Jerome PowellSenator Mike Lee (R-UT) posted and then deleted a tweet celebrating the supposed resignation of Federal Reserve Chair Jerome Powell on Tuesday.
The war between the Trump administration and Fed Chair Jerome Powell has ratcheted up, with a top Trump ally in Congress referring Powell to the Department of Justice for criminal charges. Representative Anna Paulina Luna,
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Former Treasury Secretary Janet Yellen supported Federal Reserve Chairman Jerome Powell finishing his term, which is up in May 2026.
New data from the White House Council of Economic Advisers backs President Donald Trump's calls for the Federal Reserve to cut interest rates.
You had Scott Bessant on the wire this morning, says that saying that he doesn't see a case for the Fed chair to step down at this moment. But I mean, we know which way the wind is blowing when it comes to the whims of this administration.