Federal Reserve Chairman Jerome Powell tests positive for Covid

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Fed Chairman Jerome Powell is positive for Covid

Federal Reserve Chairman Jerome Powell has tested positive for Covid-19, the central bank announced Wednesday morning.

Powell, 69, is “experiencing mild symptoms,” according to the release.

“Chairman Powell is familiar with vaccines and COVID-19 boosters. Following guidance from the Centers for Disease Control and Prevention, he is working remotely while isolating at home,” the press release said.

No further information was provided.

The Federal Open Market Committee will meet to make policies Jan. 31-Feb. 1. Markets widely expect the Fed to agree to a 0.25 percentage point interest rate hike that would bring the benchmark lending rate to a target range of 4.5%-4.75%.

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

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