Fact Check: Did Jerome Powell Resign as Fed Chair?
Main Idea
Rumors about Jerome Powell's resignation as the U.S. Federal Reserve Chair are unfounded, with no official confirmation from Powell, the Federal Reserve, or the White House.
Key Points
1. The rumor started on July 22, 2025, when Senator Mike Lee shared a post claiming Powell's resignation, but the post appeared to be fake or AI-generated.
2. No official announcement or credible evidence supports the claim of Powell's resignation; he remains in his position.
3. Political pressure, including calls from President Trump for Powell to resign, has fueled speculation, but Powell's term runs until May 2026 and he cannot be directly fired by the president.
4. Bets on Polymarket regarding Powell's removal as Fed Chair by 2025 dropped to 18%, indicating low confidence in the rumor.
5. Coinpedia's fact-check confirmed the resignation claim is false, citing the lack of official statements and the fake nature of the alleged resignation letter.
Description
The post Fact Check: Did Jerome Powell Resign as Fed Chair? appeared first on Coinpedia Fintech News Recently, social media and news outlets were buzzing with claims that Jerome Powell, the head of the U.S. Federal Reserve, has resigned. The rumor started when Senator Mike Lee posted a letter online that looked like Powell’s resignation. Is this true, or is it another internet rumor? Here’s what we know. Where Did This Claim Start? The rumor began on July 22, 2025, when Senator Mike Lee from Uta...
Latest News
- Teucrium CEO Slams Gary Gensler’s ETF U-Turn, Reveals Why He’s Backing XRP2025-07-23 17:46:04
- Square Launches Compact Mobile POS Terminal Square Handy in Japan2025-07-23 17:09:34
- Ripple Price Prediction As SEC Approves And Pauses Bitwise ETF Holding XRP2025-07-23 17:08:06
- Jim Cramer Plans to Own Bitcoin and Ethereum as Hedge for His Kids2025-07-23 17:04:10
- U.S. Stablecoin Legislation Sparks Issuance Boom2025-07-23 16:42:20