A fake resignation letter attributed to Federal Reserve Chair Jerome Powell briefly spread through Trump-aligned social media circles Tuesday, igniting confusion about Powell’s status amid growing tensions between the central bank and the White House.
The Hill reported that Sen. Mike Lee (R-UT) and conservative influencer Benny Johnson were among those who shared the fraudulent letter, which was riddled with typos and featured a distorted Federal Reserve seal. Both deleted their posts soon after, acknowledging doubts about the letter’s authenticity.
“There appeared to be one… I deleted it out of an abundance of caution,” Lee said. Johnson later posted: “The Jerome Powell letter is fake… I still want Jerome Powell to resign really bad.”
Powell, appointed by Trump in 2017, has long faced criticism from the president over interest rate policy. Trump recently polled House Republicans on whether Powell should be fired, though he later signaled he might allow Powell to finish his term, which ends in May 2026.
White House officials are also scrutinizing a $2.5 billion renovation of the Fed’s D.C. headquarters. While aides haven’t directly tied the investigation to Powell’s job security, speculation continues.
Lee’s quick deletion follows his history of sharing unverified posts, including a false report of President Carter’s death last year.
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