A post by @federalreserve on X.

The Federal Reserve warned that scammers are impersonating the central bank through text messages and emails, sending phony alerts about suspicious activity on recipients' bank accounts to steal personal financial information. The alert, issued via the Fed's official X account, points consumers to guidance on protecting themselves and their families from such fraud. The warning carries no direct market or policy implications, as it concerns consumer protection rather than interest rates or bank supervision. It matters because impersonation scams targeting bank customers remain a persistent source of losses, and the Fed's name carries weight that fraudsters exploit. Consumers should watch for unsolicited messages claiming to be from the Fed and verify them against official channels rather than clicking links or sharing account details.