Chairman Jerome Powell tests positive for Covid; according to an announcement by the central bank early Wednesday morning, Federal Reserve Chairman Jerome Powell has a positive test result for covid-19.
According to the report, Powell, who is 69 years old, is “exhibiting only moderate symptoms.”
“Chair Powell has received all necessary COVID-19 immunizations and booster shots. According to a press statement, “he is following the guidelines provided by the Centers for Disease Control and Prevention and is working remotely while isolating at home.”
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There was no additional information offered.
The Federal Open Market Committee, responsible for formulating policy, will next meet on January 31 and February 1. The financial markets are almost unanimous in their expectation that the Federal Reserve would vote to raise interest rates by 0.25 percentage points, bringing the benchmark borrowing rate to a range of 4.5–4.75%.
The most recent time that Powell spoke in front of an audience was on January 10 during a panel discussion held at the Riksbank in Sweden.