US Federal Reserve Chairman Jerome Powell tests positive for Covid

Jerome Powell, Chairman of the Federal Reserve Board, delivers a news conference following the announcement that the Federal Reserve has raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, the United States, December 14, 2022.

Evelyn Hockstein Reuters

Federal Reserve Chair Jerome Powell has tested positive for Covid-19, the central bank said on Wednesday morning.

Powell, 69, has “mild symptoms,” according to the announcement.

“Chair Powell is up to date with COVID-19 vaccines and boosters. As directed by the Centers for Disease Control and Prevention, he is working remotely while isolating at home,” a press release said.

No further information was given.

The next policymaking body of the Federal Open Market Committee meets Jan. 31-February 31. 1. Markets broadly expect the Fed to approve a 0.25 percentage point rate hike that would bring the reference rate to a target range of 4.5% to 4.75%.

Powell’s most recent public appearance was a panel discussion on January 10 at the Riksbank in Sweden.

https://www.cnbc.com/2023/01/18/federal-reserve-chairman-jerome-powell-tests-positive-for-covid.html US Federal Reserve Chairman Jerome Powell tests positive for Covid

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