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Reading: No, US Fed Chair Powell didn’t step down
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No, US Fed Chair Powell didn’t step down
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No, US Fed Chair Powell didn’t step down

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Last updated: July 29, 2025 1:37 pm
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Published: July 29, 2025
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Social media customers have been claiming Jerome Powell, the chair of the US Federal Reserve, has stepped down, backing their assertions with a resignation letter and a video. It seems, nevertheless, that each had been generated by AI. The Trump administration has confirmed that Powell will stay the top of the US central financial institution – not less than in the meanwhile. 

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