#USCryptoWeek This so-called "FHFA press release" is likely a photoshopped fake document intended to deceive retail investors or to rob them. A little critical thinking shows that it won't hold up:
1️⃣ Fannie Mae and Freddie Mac are separate companies with independent boards. They will not share a chairman. This "William J. Pulte" is absurd – he is just an influencer on X (Twitter) who gives away money for charity, not an executive at Fannie Mae or Freddie Mac, let alone someone authorized to speak on behalf of the FHFA. The identity doesn't make sense.
2️⃣ The wording screams fake. Official government or regulatory statements never use casual phrases like "I am encouraged... the economy will grow." Real news is vetted by lawyers, with precise, cautious language – not like a rant on social media.
3️⃣ Mainstream media would be covering this. Jerome Powell, the Fed chair, is the most powerful central banker in the world. His resignation would be a market-shaking event affecting stocks, bonds, gold, and the dollar. If this were true, the White House or the Fed would announce it first, followed by immediate coverage from Reuters, Bloomberg, WSJ, and CNBC. But search for "Jerome Powell resigns" on Reuters or Bloomberg – nothing. Why? Because it's not real.
4️⃣ This is a classic scam to manipulate retail investors. Fake press releases are a popular trick to scare people. Retail investors, too impatient to verify, panic and sell or chase pumps while the organizers profit from it.