Powell, Trump and resignation
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Mohamed El-Erian and Jeremy Siegel think Jerome Powell's resignation would ultimately bolster the independence of the central bank.
Sen. Mike Lee (R-UT) deleted a social media post on Tuesday featuring a fake resignation letter supposedly written and signed by Federal Reserve Chairman Jerome Powell. Lee initially celebrated Powell’s alleged departure from the central bank before quickly deleting the post.
Jerome Powell is concerned about the optics if he resigns from the central bank because the president wants him to.
A video spread online amid US President Donald Trump's mounting attacks on Jerome Powell purports to show the Federal Reserve chair announcing his resignation in a expletive-laden speech condemning the economy,
A fake resignation letter claiming that Federal Reserve Chair Jerome Powell had stepped down went viral on X. Although AI-generated, with clear errors, including a distorted seal and misspellings, some public figures,