Recent rumors that Jerome Powell, the head of the U.S. Federal Reserve, has resigned have sparked widespread media and social media chatter. Here’s the key information.
Where Did the Claims Start?
The rumors about Powell's resignation started on July 22, 2025, when Senator Mike Lee from Utah shared an image on social media claiming Powell was quitting his post. The post quickly went viral but was later deleted, and Lee admitted he could not confirm the authenticity of the letter.
Why is There Talk of Powell Leaving?
Political pressure on Powell increased due to his decisions regarding interest rates and large projects. Some prominent political figures, including President Trump, have expressed a desire for Powell to resign. However, Powell stated he intends to fulfill his duties until the end of his term, which expires in May 2026.
Conclusion on the Powell Situation
As of now, Powell remains in his position, with no official confirmations of his resignation. An analysis of the situation shows that rumors of a resignation are based on false information and misleading reports, highlighting the importance of fact-checking.
Given the facts presented, it is safe to assert that the rumors about Jerome Powell's resignation are false. The situation underscores the need for careful consideration of information and sources.
