India, July 10 -- Amid the Donald Trump administration's continued pressure on United States Federal Reserve Chair Jerome Powell to resign, a claim that Powell has already announced his resignation is going viral on social media. Hundreds of posts have been made claiming that Jerome Powell has decided to resign as Chairman of the Fed amid the latest round of FOMC cuts. However, the claims are straightaway false, as neither reports nor any public announcement made by Powell have given any indication of a possible resignation.

This story is being updated.

Published by HT Digital Content Services with permission from Hindustan Times....