Did Jerome Powell Resign As Fed Chair?

Reports of Jerome Powell stepping down from his role as Fed Chair have reached a fever pitch after a resignation letter emerged on the internet. While the letter appears legitimate, a closer look reveals that it is fake as calls for Powell’s resignation grow louder.

Letter Of Jerome Powell’s Resignation Turns Out Fake

Amid the calls for Jerome Powell to vacate his role as Fed Chair, a resignation letter began circulating on the internet among cryptocurrency circles. The letter, addressed to US President Donald Trump, had all the trappings of legitimacy and included the signature of Fed Chair Jerome Powell.

US Senator Mike Lee posted the letter in an X post with the caption “Powell out” before deleting the post within minutes. While the letter has gained viral status within minutes, a close review reveals that the resignation did not originate from Jerome Powell.

Sen. Mike Lee tweeted (and appears to have deleted) what he appears to believe is a resignation letter (??) from Powell pic.twitter.com/w5ez4wjdFc

— Jordain Carney (@jordainc) July 22, 2025

For starters, the unusual placement of the stamp has raised eyebrows with official letters containing a seal placed at the top. Other giveaways include a raft of formatting issues and casual language that is inconsistent with Powell’s correspondences.

Powell is facing increasing political pressure to resign as Fed Chair with Donald Trump ramping up the screws.

This is a developing story.

Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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