A fake resignation letter claiming that Federal Reserve Chairman Jerome Powell has resigned quickly spread on social media; it was swiftly debunked due to the AI-generated seal and grammatical errors. Emerging amid tensions with the Trump administration over interest rates, this fake news did not disrupt the markets with the SP500 holding steady at 6,314 and 10-year Treasury yields at 4.33%. Powell, who has faced calls for resignation from critics like FHFA Director Bill Pulte, reiterated his commitment to continue serving until 2026.