Federal Reserve Chairman Jerome Powell tests positive for Covid


Federal Reserve Board Chairman Jerome Powell holds a information convention following the announcement that the Federal Reserve raised rates of interest by half a proportion level, on the Federal Reserve Constructing in Washington, U.S., December 14, 2022. 

Evelyn Hockstein | Reuters

Federal Reserve Chairman Jerome Powell has examined optimistic for Covid-19, the central financial institution introduced Wednesday morning.

Powell, 69, is “experiencing gentle signs,” in accordance with the announcement.

“Chair Powell is updated with COVID-19 vaccines and boosters. Following Facilities for Illness Management and Prevention steering, he’s working remotely whereas isolating at dwelling,” a information launch mentioned.

No additional particulars have been supplied.

The policymaking Federal Open Market Committee subsequent meets Jan. 31-Feb. 1. Markets broadly count on the Fed to approve a 0.25 proportion level rate of interest enhance that may take the benchmark borrowing fee to a focused vary of 4.5%-4.75%.

Powell’s most up-to-date public look was a panel dialogue Jan. 10 on the Riksbank in Sweden.


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