$BTC Powell's 'Lightning Resignation'? Fake Resignation Letter Sparks Trump Camp Farce

On Tuesday, the online space where Trump supporters gather suddenly erupted. A letter claiming to be a resignation letter personally written by Federal Reserve Chairman Powell began circulating among prominent Trump supporter accounts, just weeks after speculation about his future had started.

Utah Republican Senator Mike Lee and conservative commentator Benny Johnson both retweeted the letter stating that Powell would resign at the end of the business day on Tuesday, only to delete their posts shortly afterward.

According to a Politico reporter, the post was initially published on Lee's verified personal X account @BasedMikeLee, and they managed to screenshot the content before it was deleted. "Powell is out!" Lee wrote between two flashing red alarm emojis.

"I did see such a letter at the time, but as soon as I retweeted it, I realized that other channels had no news on this, so I deleted it out of caution," Lee explained to The Hill after leaving a Republican Senator luncheon, just minutes after he deleted the post, "I can't verify its authenticity now."

Lee is known for his 'speak and delete' approach. Last July, he mistakenly retweeted a false death announcement for former President Carter, who actually passed away in December of that year.

The forged letter was addressed to the 'President,' containing numerous spelling errors, and the Federal Reserve's seal was blurry, with the eagle's image slightly deformed, clearly showing signs of being artificially generated. "After careful consideration, I have decided to resign from the position of Chairman of the Board of the Federal Reserve System, effective at the end of the business day on July 22, 2025," the letter stated.

"Powell's resignation letter is fake," Johnson urgently clarified after deleting the post on social media X, "Do not spread it. Sorry, this was too embarrassing—though I really did hope for Powell's resignation.

Powell, who was nominated by Trump in 2017, has repeatedly emphasized that he would not resign even if the president requested it. For months, Trump has been vocally criticizing the Fed chairman for his decision to keep interest rates unchanged. Last week, he privately discussed with House Republicans whether to 'fire Powell,' but recently hinted that he might let him complete his term ending in May 2026.