Fed chief Powell tests positive for COVID, has mild symptoms

Published by
Reuters

By Ann Saphir WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Wednesday and is experiencing mild symptoms from the virus, the U.S. central bank said in a statement. Powell, who turns 70 next month, is up to date on his COVID-19 vaccines and boosters, and is working remotely while isolating at home, the Fed said. The U.S. central bank’s next policy meeting is on Jan. 31- Feb. 1. Investors widely expect the Fed to raise interest rates by a quarter of a percentage point at that meeting. There was little reaction in financial markets after the Fed’s announ…

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