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Fact Check: Did Jerome Powell Resign as Fed Chair?
Rumors have been circulating that Jerome Powell, the head of the U.S. Federal Reserve, has resigned from his position. However, Coinpedia has done a thorough investigation to verify or debunk this claim.
Where did this claim start?
The rumor began on July 22, 2025, when Senator Mike Lee posted an image on X, which appeared to be a letter announcing Powell’s resignation. The post quickly went viral and spread across social media platforms.
Was the resignation letter real?
After conducting an exhaustive investigation, we have found that the letter is indeed fake. The official stamp on the document appears to be comprised of jumbled symbols rather than genuine writing, and there are numerous spelling and grammar mistakes throughout the text. Furthermore, experts who viewed the image believe it was likely created by AI or a prankster.
Is there any official confirmation?
To date, neither the Federal Reserve, the White House, nor Jerome Powell himself has made an announcement regarding his resignation. Despite the widespread rumors, there is no evidence to support the claim that he has left his position.
Why are people talking about Powell leaving?
Recently, Powell has faced intense political pressure due to his decisions on interest rates and a large-scale government project. Some politicians have called for him to step down, including President Trump. However, it’s important to note that Powell still has time remaining in his term, which is set to expire in May 2026.
What do we know?
In the absence of any credible evidence or official statement, Coinpedia has found no reason to believe Jerome Powell has resigned from his position as Fed Chair. The claims circulating on social media are false and should be treated with skepticism.
Conclusion
In conclusion, it appears that the claim that Jerome Powell has resigned as Fed Chair is entirely unfounded. We urge our readers to always verify information through official channels before accepting it as true.
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Source: coinpedia.org
