The Federal Reserve has confirmed that Chairman Jerome Powell has not resigned, following the circulation of a fake resignation letter that gained traction online.
The fraudulent letter, which spread across social media platforms, claimed Powell had stepped down from his position. However, financial analysts and fact-checkers quickly debunked the document as a hoax. Among the most obvious flaws was an altered Federal Reserve seal, inconsistent formatting, and phrasing that did not align with official correspondence. Experts have identified the letter as likely being AI-generated.
“There has been no resignation submitted by Chair Powell,” a Federal Reserve spokesperson stated. “He continues to serve and carry out his responsibilities.”
Chair Jerome Powell has led the U.S. central bank since 2018, initially nominated by President Trump and later reappointed by President Biden. Under his leadership, the Fed has managed multiple interest rate adjustments in response to inflation and broader economic shifts.
The incident highlights growing concerns about the use of artificial intelligence to create realistic-looking but entirely false government documents. Officials are urging the public to verify sources before spreading unconfirmed reports, especially when they involve major financial institutions.
At this time, there is no indication of any leadership change at the Federal Reserve. Powell remains fully in charge, with no official statements or actions suggesting otherwise.
