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

In a social media post, Ray Dalio outlined that he believes the disagreement between Donald Trump and Federal Reserve Chair Jerome Powell centers around the value of money, with the US president advocating for lower real interest rates and devaluation.

Fed Chair Jerome Powell is under fire from the White House, which accuses him of bungling a renovation of the Fed's HQ and has suggested it could be cause to fire him.

As recently as last week, President Trump was considering firing Powell, but later told reporters it was “highly unlikely” he would do so.

Senator Mike Lee (R-UT) posted and then deleted a tweet celebrating the supposed resignation of Federal Reserve Chair Jerome Powell on Tuesday.

Treasury Secretary Scott Bessent said Tuesday that embattled Federal Reserve Chair Jerome Powell should finish out his term if he wants. “If he wants to see that through, I think he should. If he wants to leave early,

Former Treasury Secretary Janet Yellen supported Federal Reserve Chairman Jerome Powell finishing his term, which is up in May 2026.