US Federal Reserve Chairman Jerome Powell checks optimistic for Covid

Jerome Powell, Chairman of the Federal Reserve Board, delivers a news conference following the announcement that the Federal Reserve has hiked interest rates by half a percentage point, at the Federal Reserve Building in Washington, 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. He is working remotely while isolating at home, as directed by the Centers for Disease Control and Prevention,” the 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.

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