Fed's Powell Tricked by Russian Pranksters Posing as Zelenskiy

Federal Reserve Chairman Jerome Powell held a call with a pair of Russian pranksters posing as Ukrainian President Volodymyr Zelenskiy, according to video shown on Russian state television.

Apparently thinking he was speaking to Zelenskiy, the video shows Powell answering questions on topics ranging from the outlook for inflation to the Russian central bank. There were several clips lasting about 15 minutes and it’s unclear if the footage was altered.

“Chair Powell participated in a conversation in January with someone who misrepresented himself as the Ukrainian president,” a Fed spokesperson said Thursday. “It was a friendly conversation and took place in a context of our standing in support of the Ukrainian people in this challenging time. No sensitive or confidential information was discussed.”

The spokesperson added that “the matter has been referred to appropriate law enforcement, and out of respect for their efforts, we won’t be commenting further.”

The Fed also said that the video appears to have been edited and cannot confirm it is accurate.

Other Officials

While the comments appeared anodyne, the fact that the hoax call got through to Powell is likely to raise questions about security at the Fed.

The pranksters — Vladimir Kuznetsov and Alexei Stolyarov, who go by the nicknames Vovan and Lexus — have for years succeeded in tricking foreign politicians into talking to them despite their sometimes-crude impersonations.

The duo are supporters of President Vladimir Putin. Back in 2018, the UK said it believed the Kremlin was behind a hoax call to then Foreign Secretary Boris Johnson. The pranksters often post the videos with the intention to embarrass Western policymakers.