Claim: An image authentically depicts a resignation letter from Jerome Powell, the chair of the Federal Reserve Board. Rating: About this rating FakeIn July 2025, an image circulated online that appeared to depict a letter of resignation from Jerome Powell, the chair of the Federal Reserve Board. I remain confident in the strength and resilience of the American economy and in the professionalism of the Federal Reserve staff. Respectfully, Jerome H. Powell Chairman Federal Reserve BoardUtah Sen. Mike Lee, a Republican, posted the image with the caption "Powell's out!" The Federal Reserve Board, in an email to Snopes, declined to comment on what a spokesperson referred to as "the fake letter."