A spokesperson for the Federal Reserve said Jerome Powell ‘participated in a conversation in January with someone who misrepresented himself as the Ukrainian president’
Federal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelensky, during which Powell appeared to discuss the economic impact of interest rate hikes.
A spokesperson for the Federal Reserve said “the video appears to have been edited, and I cannot confirm it is accurate.” The spokesperson would not say whether the call demonstrated that the Fed faces security lapses or what steps would be taken to try to prevent it from occurring again.
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