“After much reflection, I have decided to resign from my position as Chair of the Board of Governors of the Federal Reserve System, effective at the close of business today, July 22, 2025. Serving as Chair of the Federal Reserve has been the honor of my professional life. Over the past years. I have worked alongside dedica-ted colleagues to guide the US economy through extraordinary challenges from the pandemic recovery to inflationary pressures and the ongoing evolution of digital finance.”
“I am proud of what we have accomplished. However, at this critical juncture, I believe new leadership is needed to carry forward the important work of the Federal Reserve and to reinforce public confidence in its independence and effectiveness, My decision comes from a deep commitment to preserving the institution’s credibility, integrity, and mission. I remain confident in the strength and resilience of the American economy and in the professionalism of the Federal Reserve staff. I am grateful for the opportunity to have served, and I extend my full support to my successor as they continue the vital work of fostering maximum employment and price stability,” says a letter from Fed chair Jerome Powell to President Trump as posted by Utah Senator Mike Lee on Tuesday.
The fucking idiot then deleted the tweet. Most likely after someone informed him it was a fake and that the seal on the letter he posted is not that of the Federal Reserve Bank, nor is it in English.