A fabricated resignation letter claiming Federal Reserve Chair Jerome Powell was stepping down spread rapidly on social media, quickly debunked due to

Key Points

1. A fabricated resignation letter falsely claimed Federal Reserve Chair Jerome Powell was stepping down.

2. The false claim spread rapidly on social media but was quickly debunked.

3. At the time, the S&P 500 was steady at 6,314 and 10-year Treasury yields were at 4.33%.

4. Powell faced calls to resign from critics like FHFA Director Bill Pulte but reaffirmed his commitment to serve until 2026.