Jerome Powell, Federal Reserve
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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,
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.
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The Trump administration is sending mixed messages about whether Fed Chair Jerome Powell should stay with the central bank until the end of his term.
The problem isn’t just that the Utah senator amplified obvious misinformation. The bigger problem is that Mike Lee keeps amplifying misinformation.
Trump has railed against Powell, who he initially appointed to the role during his first term in 2018, in public remarks and on social media, nicknaming him “too late” and calling him “terrible” as the central bank’s head has continued to keep rates steady.