Senator Mike Lee, a Republican from Utah, tweeted a false resignation letter purportedly from Federal Reserve Chair Jerome Powell, announcing his resignation. This letter, filled with typos, asserted the need for new leadership at the Federal Reserve to enhance public confidence. The tweet drew negative reactions on social media. President Donald Trump has openly criticized Powell for not reducing interest rates and has been vocal about wanting to appoint someone more favorable to his economic views. Following the backlash, both Lee and influencer Benny Johnson removed the tweet and letter.
Senator Mike Lee posted and deleted a tweet claiming Federal Reserve Chair Jerome Powell resigned, sharing a fake resignation letter that was typo-ridden. The tweet suggested a change in leadership was necessary for public confidence in the Federal Reserve.
President Donald Trump has been critical of Jerome Powell, asserting he is performing poorly, particularly in relation to interest rates. Trump indicated a desire for new leadership in the Federal Reserve within the coming months.
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