Unverified Powell Resignation Claims Circulate as Trump Teases Fed Chair Pick

Unverified social media claims circulated on Nov. 30 suggesting Federal Reserve Chairman Jerome Powell would announce his resignation at an emergency meeting on Dec. 1 at 7 p.m. ET, BlockBeats reports. No mainstream media outlets or official channels have corroborated the claims. Powell is scheduled to deliver remarks at a commemorative event on Dec. 2 at 9:00 a.m., with the speech topic undisclosed. President Trump said Dec. 1, "I know who I want as Fed Chair, and I will announce it soon." Kevin Hassett, Director of the White House National Economic Council, has emerged as a prominent candidate for the position; Hassett declined to comment on his candidacy during CBS's "Face the Nation" appearance on Nov. 30, characterizing related Bloomberg reports as "speculation."